Suravenir and BPSIS Partner in Borrower Insurance for an Innovative and Comprehensive Offering

Paris, January 29, 2015 – Suravenir, the life and provident insurance subsidiary of Crédit Mutuel ARKEA, and BPSIs, a wholesale broker in borrower insurance, are launching Avenir Naoassur emprunteur, a borrower insurance (ADE) offering that is particularly comprehensive, competitive, and innovative due to its digital subscription method.

With this new partnership covering the management and distribution of the product Avenir Naoassur emprunteur, Suravenir and BPSIs aim to offer a new 100% online borrower insurance contract that addresses client concerns and is adapted to the new ADE regulations.

Avenir Naoassur emprunteur adapts to all types of loans and borrowers to meet the needs of the insured and the requirements of lending institutions.

Primarily distributed via insurance and credit brokers, the Avenir Naoassur emprunteur contract offers a comprehensive and innovative solution:

• extensive coverage offered (lump-sum guarantee, coverage even in the event of absence of professional activity at the time of the claim, guaranteed price and coverage throughout the contract…)
• particularly competitive rates: Avenir Naoassur emprunteur meets the highest market standards
• simplified medical formalities: clients can insure higher amounts than elsewhere, with higher age limits, without a medical examination.
• a very innovative and fluid subscription process, allowing for 100% online enrollment. If the insured does not have any health issues, the Avenir Naoassur emprunteur contract is issued in real-time. In more complex cases, a response is provided within 24 hours, in 90% of cases.

“For BPSIs, this partnership with one of France’s leading insurance players reflects our strategic choice for effective positioning, serving our clients. By leveraging the expertise of a major insurer, we can offer our distribution partners and their clients a particularly comprehensive product with very competitive rates,” state Jean Orgonasi and Fabrice Couturier, founding partners of BPSIs. “In an increasingly competitive market, with heightened legitimate consumer demands compounded by regulatory constraints on guarantee equivalence, we aim to address these new challenges,” they add.

“Today, this new partnership with BPSIs perfectly aligns with our growth strategy announced several years ago: to continue focusing our development on the internet market, a market where Suravenir and, more broadly, Crédit Mutuel Arkéa, wish to establish strong positions,” states Bernard Le Bras, Chairman of the Management Board of Suravenir.