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A growing share of investment funds in the financial investments of insurers established in France in 2017
[Une part croissante d’OPC dans les placements financiers des assureurs établis en France en 2017]

Author

Listed:
  • Sébastien Gallet
  • Frédéric GUIMIOT
  • Côme Roero
  • Samuel Slama

Abstract

At end-2017, investments by French insurers amounted to EUR 2,628 billion, up 3.3% compared to 2016. The allocation of their assets is fairly stable from one year to the next, both from a geographical and a sectoral perspective. The share of investments aimed at the financing of non-financial corporations stood at 24%, i.e. EUR 618 billion, and 13.5%, i.e. EUR 355 billion, if we consider only companies established in France, after taking into account investments made indirectly by investment funds. Equity contributions to non-financial corporations established in France represented 5% of total investments, i.e. EUR 132 billion. While the financing provided to companies was significant in terms of amount, it continues to occupy a secondary position in relation to the overall investment capacity of the insurance sector. À fin 2017, les placements des assureurs français représentent 2 628 milliards d’euros, en augmentation de 3,3 % par rapport à 2016. L’allocation de leurs actifs est assez stable d’une année sur l’autre,tant en termes géographiques que sectoriels. À 618 milliards d’euros, la part des placements orientés vers le financement des entreprises non financières ressort à 24 % et à 13,5 % si l’on ne considère que les entreprises établies en France, soit 355 milliards, après prise en compte des placements effectués indirectement par les organismes de placement collectif (OPC). À l’intérieur des 355 milliards, les apports en fonds propres aux entreprises non financières établies en France ressortent à 132 milliards d’euros soit 5 % des placements totaux. Si, en montant, les financements apportés aux entreprises sont significatifs, ils continuent d’occuper une place secondaire au regard de la capacité globale de placement du secteur des assurances.

Suggested Citation

  • Sébastien Gallet & Frédéric GUIMIOT & Côme Roero & Samuel Slama, 2018. "A growing share of investment funds in the financial investments of insurers established in France in 2017 [Une part croissante d’OPC dans les placements financiers des assureurs établis en France ," Bulletin de la Banque de France, Banque de France, issue 220.
  • Handle: RePEc:bfr:bullbf:2018:220:04
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    More about this item

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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