News are quite active in the insurance business these days but it also means that the business itself is quite intense… happy to help aye (if I’m allowed for some Scottish words here? ).
For information here are the current ‘hot news’ in the insurance business:
- Legislation is tightening around builders and even more around project managers in the construction business in France with an EU ‘norm’ called the BIM (Building Information Modeling). The direct consequence is that banks always ask for the “domage ouvrage” insurance to finance renovation work or to build a new house and they check that everyone has a 10 years insurance (Décenale).
- Another direct consequence of the BIM is that all builders are now tied to their ‘obligation of advice’ and, in case of an issue, even if that issue was directly asked by the customer (usage of certain materials that are not ‘state of the art’ for example) the builder can (and will) be held responsible for this (for 10 years after he/she finished the job) except if he/she (builder) specifically stated on his quote or invoice that he/she was against this (did not recommended this) and that the customer agrees (the customer has to sign that statement).
- The ‘0 reste à charge’ => Basically, from now to 2022 all professionals (dentists, opticians, etc.) will have to offer you an option where you don’t have anything to pay… given that you have a mutuelle that’s ‘0 reste à charge’ compatible (it’s kind of a smoak screen for now to be honest has the ‘0 reste à charge’ already exists in a way, for example you can ask for metal crown at the dentist and get that for close to 0 right now and the 0 reste à charge will just make sure that it’s 0 and not 10e but the ceramic crown you want will still be ‘unchartered’ in terms of pricing as each dentist can still charge you more than 1000€ if they so desire ).
- Brexit (of course) => It’s actually not that much of a big deal as far as the insurances are concerned. The only major impact is in regard to the access with the French social security. People that have already filled S1s are already in check because their ‘rights’ have been converted from the UK to France so they’re okay. The one that are ‘self employed’ (gîte business or simply registered as doing some business in France with some turnover even if very low) are good to go as well as they are paying the social security through that buisiness. People that are employed will be good to go as well because they’ll get into the system within 3 months max. The retired or inactive newcomers are the one that will suffer the most of this but, thanks to PUMA, if their revenues are low they’ll be granted access for free to the system and thanks to the AME they’ll be taken in charge in the meantime for free as well because in France we don’t let people die on the sideway simply because they cannot afford the hospital
Other stuff happened (Foreign insurers - LPS - tightening rules, new brokerage rules to tighten the obligation of advice and formalisation of it, etc.) but that’s not directly impacting the customer so I’d say that’s a story for another day
Let me know if you want to know more about any of these topics?