Guarantee Equivalence: BPSIS and Suravenir Launch Avenir Naoassur Emprunteur Équivalence

Paris, December 2, 2015 – BPSIs, a wholesale broker in borrower insurance, and Suravenir, the life and provident insurance subsidiary of Crédit Mutuel ARKEA, are launching the new version of the Avenir Naoassur contract, Avenir Naoassur Emprunteur Equivalence.

This version meets all the criteria of the comparison grid published in early 2015 by the Financial Sector Consultative Committee (CCSF) and is compatible with all new requirements expressed by banks since early October 2015.

In early 2015, following the provisions of the Lagarde Law of 2010 and to facilitate the comparison of guarantees offered by borrower insurance contracts, the Financial Sector Consultative Committee (CCSF) established clear equivalence rules between borrower insurance contracts.

Since then, each banking institution has developed its evaluation system, and from October 2015, most lending institutions have published the list of criteria adopted. It is based on these criteria that requests for insurance delegation are evaluated daily, resulting in either acceptance or refusal.

Avenir Naoassur Emprunteur Equivalence: Extended Guarantees and a Consistently Very Competitive Rate

To best align with the reality of bank requirements and customer demands, BPSIs and Suravenir have evolved their flagship product and are today launching an enhanced version: Avenir Naoassur Emprunteur Equivalence.

The enhancements cover extended coverage for inactive individuals, therapeutic part-time work coverage beyond the minimum, and coverage for back and psychological conditions beyond market standards. These complement the strengths of the Avenir Naoassur Emprunteur offer launched in early 2014.

Avenir Naoassur Emprunteur Equivalence: A Complete and Innovative Universal Offer

• The coverage offered for all types of loans (flat-rate 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 Equivalence ranks among the best offers across all market segments;
• Simple medical formalities: the client can insure any amount, with high age limits, without medical examination (up to €400,000 and 60 years old);
• The fluidity of its highly innovative subscription process, which allows for 100% online enrollment. If the insured does not have health issues, the contract is issued in real-time. Similarly, for cases requiring a medical questionnaire, the response is provided immediately in 90% of cases;
• And today, a response to all guarantee equivalence criteria adopted by the CCSF.

Continuing the Success of the Suravenir – BPSIs Partnership

One year after the launch of Avenir Naoassur Emprunteur, the indicators are positive. With 1,200 active points of sale and 70% digital subscriptions with electronic signatures, the objectives set by Suravenir and BPSIs have been met.

“This success demonstrates the positive reception from our partners, who have praised the time savings and ease of subscription. With Avenir Naoassur Emprunteur Equivalence, we aimed to go even further and significantly expand the guarantees,” state Jean Orgonasi and Fabrice Couturier, founding partners of BPSIs.

“The launch of Avenir Naoassur Emprunteur perfectly illustrates the dynamic of our partnership with BPSIs: responsiveness, market listening, simplicity.” declares Bernard Le Bras, Chairman of the Management Board of Suravenir.

The Naoassur Emprunteur product has recently been recognized by professionals: it received the Agefi’s Actifs d’Or in 2015 and the Dossiers de l’Epargne’s Label d’Excellence for 2016.