an increase in premiums five years in a row, Treasury

For the fifth consecutive year, the insurance bill for French companies will increase significantly during renewals next January, which concern the majority of contracts. ” Rates will increase by 5 to 10% on averageon all lines of the market, after an increase of 5% this year, announces Alain Ronot, vice-president of Amrae, the association which brings together directors of risk and insurance of French companies.

Added to this is the continued decline in insurers’ capacities and the rise in deductibles. This ultimately results in more expensive and more limited covers. »

The association presented its findings Monday, in its annual report on business insurance and prepared with six major brokers: Aon, Brokerslink-Filhet Allard, Diot-Siaci, Marsh, Verlingue and WTW.

Pressure from reinsurers

“We were hoping for identical renewals, after the increases of recent years linked to the desire of insurers to improve their financial results and to the Covid crisis. But nothing happened, explains Alain Ronot. The war in Ukraine and inflation are resulting in further price increases, amplified by recent announcements from reinsurers . »

Meeting in September in Monaco and these days in Baden-Baden in Germany, the insurers of insurers have advanced double-digit increases in their 2023 rates, also citing the soaring climate claims.

In some industries, where premiums could increase by 30-50% in 2023, “insurability becomes very difficult, even impossible,” says François Beaume, also vice-president of Amrae. Thus, “the price increases will be much higher than the average on aggravated risks such as the civil liability of pharmaceutical groups and certain players in the food industry (in the face of health and legal risks), or in the coverage of business fires waste treatment and wood processing”, he continues.

However, some market segments are benefiting from an upturn, for example the civil liability of cargo shippers, corporate officers, and company automobile fleets. “In these niche markets, there is strong competition between insurers, and therefore available capacity, without the effect of inflation at this stage,” says Alain Ronot.

Blind spot in Russia

However, with a blind spot for the entire market, namely the activities and facilities of French groups in Russia, Ukraine and Belarus. “Because of Western sanctions, it is not possible today to work with international brokers to insure with local companies, which entails an additional risk”, points out François Beaume.

The situation also remains difficult in terms of cyber risks. Digital attacks and failures remain one of the top three dangers on a global scale, behind the climate and geopolitics, for experts polled elsewhere as part of AXA’s “Future Risk Report”, published Monday, October 24.


The cyber capacities of insurers have stopped their decline, but “all the other parameters are deteriorating” and the coverage remains very insufficient to meet the needs of companies, notes Amrae. France has decided to create working groups on the subject under the aegis of Bercy. The planning bill of the Ministry of the Interior (LOPMI) also plans to authorize the compensation of cyber-ransoms, a highly controversial subject.

Opposed to the compensation of ransoms by insurers, Amrae returns to the charge on a tool supposed to fill the gaps in the cyber market and insurance in general: captive insurance, these structures which allow companies to co -insure or reinsure part of their risks themselves. The Minister of the Economy, Bruno Le Maire, Opposed last week the tax reform project supposed to facilitate the creation of these entities.

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