In 2022, according to the Lynx, 20% of French people assume that they have defrauded their insurance in France. Since insurance companies are numerous, fraud spreads at high speed. But what are the different insurance sectors? More simply, how is the insurance sector made up? We take stock in this article.
Today, it exists three main insurance organizations who can offer their product on the French market. We tell you more!
The main interest of insurance companies is to make a profit for the benefit of shareholders. To do this, they offer several types of contracts, including life insurance, damage and civil liability insurance and insurance against risks related to a human person.
Insurance companies fall under the Insurance code.
To give you a more concrete example of the various insurance companies, you will find Axa, Generali, Allianz or Maif in particular.
Unlike insurance companies, mutual insurance companies are non-profit. They get funds through members' contributions.
They allow reimburse current health expenses such as medical consultations or the purchase of medication.
Mutual insurance companies are regulated by the Mutuality code.
Here, we are thinking, for example, of Macif, Matmut, Groupama or even MMA
Pension institutions are also at non-profit. They allow an individual to be financially supported in the event of a major blow: a temporary disability or a death.
Pension institutions are governed by the Social Security Code And the Rural code.
For example, you can find Humanis or even Apicil.
An insurance intermediary is a entity that sells an insurance product to individuals. Like a flight comparator that offers routes from different companies, the comparator offers various contracts for several insurances.
There are several categories of insurance intermediaries. We tell you more!
Insurance brokers find and negotiate contracts with insurance companies. Once the contracts are negotiated, they offer them to their customers. The interest of an insurance broker is to find the contract that best suits the needs of the client, in particular with the best quality/price ratio.
👀 Good to know!
Insurance brokers are not subject to one and the same company, they can offer their services to various businesses but also to individuals.
As its name suggests, the insurance comparator compares the various offers and services of a contract.
Insurance companies, mutual insurance companies and pension institutions are governed by bodies whose aim is to change the offers on the market. There are several instances, let's see that together.
The French Insurance Federation (FFA) is a group of insurers. In 2019, the FFA represented 280 members, i.e. 99% of French insurance.
The French Insurance Federation has several main objectives, including:
Insurance mediation is present at the time of a dispute between an insured and his insurer. The role of the mediator is to find a compromise that can satisfy both parties. He is there to pacify relationships!
Whether they are insurance companies, mutual insurance companies or pension institutions, they all fall under the authority of the Prudential Control and Resolution Authority (ACPR).
This authority ensures that different entities are able to meet their commitments with their policyholders and members.
To put it more clearly, the ACPR ensures the protection of insurers' customers.
The guarantee fund for victims includes two areas:
Today, insurance companies are numerous and the risks of fraud are multiplying. To deal with this growing threat, Finovox offers to help you verify the documents provided by your policyholders. This analysis is carried out in three steps:
Thus, with Finovox, you analyze all types of documents, invoices, quotes, accident declarations or even Kbis. The interest? Drastically reduce the document fraud suffered by your business!
Do you think our solution may be of interest to you? Contact our experts, they will be happy to provide you with information and offer you a demonstration.
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