French insurers commit €200m to support COVID-19 Solidarity Fund

Written by Adam Cadle

31/03/2020

French Insurance Federation members are committing to contribute €200m to the Solidarity Fund, set up by the public authorities to support micro-enterprises and the self-employed, sectors that have been particularly affected by the economic, financial and social consequences of the COVID-19 virus.

This support measure for micro-enterprises and self-employed workers follows the commitment made on 19 March to keep cover in place for businesses in difficulty throughout the whole of the lockdown period if they are late in paying their premiums because of the pandemic.

In addition, insurers have also said they are keen to take part in discussion on the creation of an insurance-type system that will be able to act in a future major health crisis.

“Everybody has a duty to join this movement of national unity so that together we can emerge from this crisis as soon as possible,” French Insurance Federation president Florence Lustman said.

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