The damage of a mini-tornado in Saint-Martin-de-Londres, near Montpellier, on the 24th of November 2016 ( AFP/Archives / PASCAL GUYOT )
“You have to wait until next year, with rate increases, as well as for housing for vehicles”, warns with the AFP Cyrille Chartier-Kastler, president of the research firm Fact & Figures.
It is the home insurance which will experience the highest increase, of up to 2.50% on average, according to the projections of this firm.
This progress, less than in 2016 (+2,64%), due in part, according to the profession, by of the most important climatic events. For example, the frequency of claims related to the storm, the hail or the snow had jumped by 25% from January to September 2016, compared to the first nine months of 2015.
“The rates will continue to climb but it is rather a rhythm deceleration after several years of strong growth”, noted Mr. Chartier-Kastler.
In 2015 and 2016, these increases had respectively an average of 3.05% to 2,64%.
- Accidents on the rise -
All those insured will not, however, not in the same boat.
indeed, the mutual insurance companies should take their customers, while companies with general agents will be more demanding.
A difference that is due to the nature of their portfolio: the members of the company are very present on the housing of small areas in the city, when the companies have more customers with a house, more spacious, and where water damage can quickly cost more in terms of compensation.
The evolution of prices is more difficult to assess in the field of automobile, the situation of each insured person, related to his bonus for example, they may vary.
On average, however, they should climb 1.5%, according to the calculations of Fact & Figures, compared to an increase of 0.64% in 2015.
“The motor insurance market is not profitable. So it is normal to see the rates go up to correct this situation”, pointed out by one insurer interviewed by the AFP.
This trend is especially due to the fact that the road Safety figures have continued to improve.
An accident on the A13 motorway has had two serious injuries, the 25 of April 2016, near les Mureaux, in the western paris ( AFP/Archives / ERIC FEFERBERG )
On the first eleven months of 2016, if the number of people killed on the roads has decreased slightly (- 0.5%), numbers of personal injury accidents (+0.8%) and injured (+1.4%) and stood up.
- play competition -
The frequency of injury has generally inflated by 3% and, at the same time, the average cost of vehicle repair has increased by 3.4% since the beginning of the year, a level significantly higher than inflation, due to the never-ending development of technology in vehicles, which affects the price of spare parts, according to the French Federation of insurance.
“in Spite of everything, it is necessary to distinguish the situations. There is a lot of competition to capture new customers with marketing offers. On the other hand, some insurers do not fight to retain the customers they already provide and which may therefore have every interest to turn to another insurer,” noted an analyst of the sector does not wish to be identified.
In their approach, they can rely on the law Hamon, which allows at any time to change insurer after the first year of a contract.
But, for the time being, this provision has had little effect on the rotation of portfolios.
According to Cyrille Chartier-Kastler, the rate of termination, for example, has increased 0.8% in companies with general agents, a very low percentage.
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