Infotech

Why the borrower insurance soap opera so much the banks



Posted on Nov 25, 2021, 2:05 p.m.Updated Nov 25, 2021, 2:11 PM

The remake of the remake of the remake. For ten years, the same film has been played around borrower insurance, which helps households repay their mortgage in the event of a hard blow. “These are above all political decisions, we are constantly changing the rules,” sighs an excellent connoisseur, while a law to be adopted this Thursday by the National Assembly proposes to further simplify the rules of the game.

On the one hand, the public authorities are trying, text after text, to make this market more competitive. Clearly, allowing households to choose an independent insurer, and not necessarily the insurance subsidiary of the bank that granted the credit. On the other hand, the banks are steadfastly opposed to this movement, accusing the “pure players” of insurance of targeting young executives in good health, in order to better abandon elderly clients or those in fragile health. “Parliamentarians should stop believing that snatching clients from us is really a good thing,” squeaks a banker.

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