Crédit Agricole Assurances proves its engagement and its solidity in the health crisis context

 Crédit Agricole Assurances, mobilised from the first days of the Covid-19 crisis to support its customers alongside the other Crédit Agricole Group entities, has demonstrated its solidity. In terms of activity, Crédit Agricole Assurances continued to shift its product mix towards unit-linked products and protection of assets and individuals. At the end of March 2020, growth in these priority lines was 13.8%¹ compared with the first quarter of 2019, with a strong rise in unit-linked policies. Including euro-denominated inflows, Crédit Agricole Assurances posted revenues of €8.9 billion, down 16.8% compared with the first quarter of 2019, which had seen exceptionally high euro inflows.   Crédit Agricole Assurances continued to diversify its product mix by developing property and casualty insurance and personal protection: Death and disability, creditor, and group insurance written premiums amounted to €1.1 billion, up 7.8% year-on-year, driven by all three businesses segments. In particular, Creditor insurance continued its growth with an increase of written premiums by 10.0% compared to the first quarter of 2019. Group insurance and death & disability also continued to show good momentum.