The borrower insurance market in France

According to the CCSF, alternative insurers cover 17.48% of mortgages in portfolio in France in 2024, up from 16% in 2021: banks’ group contracts remain by far the majority. According to La Tribune de l’assurance (March 2026), the alternatives’ share reaches 19% of the stock at the end of 2025, and the consultancy Actélior projects 28% in 2030 if bancassurers react little. At the point of sale, alternatives captured 23% of the market, according to L’Argus de l’assurance (April 2025).

Law no. 2022-270 of 28 February 2022, known as the Lemoine law, allows borrowers to cancel their borrower insurance at any time, removes the health questionnaire when the insured share does not exceed €200,000 per insured person and the loan ends before the borrower’s 60th birthday, and cuts the right to be forgotten to five years. In France, banks recorded 496,654 substitution requests in 2024, up from 198,530 in 2021, and accepted 93.91% of them, according to the CCSF.

According to the CCSF, 38.86% of bancassurers’ new borrower insurance contracts and 21.61% of those of alternative insurers were taken out without medical underwriting in France at the end of 2024. In the stock, this share rose from 4.44% to 6.73% among bancassurers between the end of 2023 and the end of 2024. The CCSF also identifies 93 contracts excluding prior pathologies, 24 of them for borrowers without medical underwriting; its opinion of 26 May 2026 aims to secure these cover terms.

The borrower insurance market in France remains dominated by bancassurers, the subsidiaries of banks that distribute group contracts, such as BNP Paribas Cardif, Crédit Agricole Assurances or CNP Assurances. Against them, Generali France generated €377 million in borrower insurance revenue in 2025, and Securimut recruited 80,000 new policyholders, 85% of them through substitution, according to La Tribune de l’assurance. Malakoff Humanis, which bought the broker Zen’Up in 2023, aims for €300 million in premiums in 2030.

According to Le Nouvel Économiste (April 2025), a borrower who switches borrower insurance in France typically saves between €5,000 and €15,000 over the life of the loan, and a couple aged 45 almost €100 a month. According to L’Argus de l’assurance (March 2024), alternative insurers’ prices remain on average half those of banks. In October 2025, the DGCCRF (the French consumer protection authority) penalised five banks for failing to meet the legal ten-day deadline for processing substitutions.

A PDF report in French, 2026 edition, organised in six chapters: definition and scope of borrower insurance, market size and dynamics, borrower demand, supply and players, regulation and constraints, outlook to 2030.

The work of the Comité consultatif du secteur financier, France Assureurs statistics, official texts published on Légifrance and trade press articles from the IndexPresse database. Every figure comes with its source and period.

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