The consumer credit market in France

Consumer credit gives Spanish consumers access to financing for the purchase of goods and services, helping to stimulate demand and foster economic growth.

Since 2020, the consumer credit market has shown signs of recovery after the initial impact of the Covid-19 pandemic, with Italy experiencing a significant growth in disbursements by +18.8% in 2021 compared to 2020, despite being -9.7%. The total disbursement to individuals in Italy amounted to 21 billion euros. The market rebound is attributed to factors such as an increased satisfaction with loan offerings, a strong recovery in car and motorcycle purchase loans boosted by eco-incentives, and a return to pre-crisis levels in sectors like furniture, appliances, and electronics. Digitization of processes has been key, as it has simplified credit access through web platforms and digital channels, with 61% of consumer credit volumes involving digital channels in Italy. However, the pandemic led to a contraction in 2020 with consumer loans dropping by -20% in April and -50%. Demand drivers include total disposable income, propensity to consume, and propensity to take on debt, with the typi

The French credit insurance market is estimated at between 10 and 12 billion euros The global credit insurance market, which includes mortgage payment protection, is valued at over $60 billion. In France, the credit insurance sector has faced major regulatory changes with the introduction of the Lemoine Law in 2022, which has affected market dynamics by allowing borrowers to change insurance providers more freely. The French credit insurance market is growing at an average annual rate of 5%. Home loans still account for a substantial share of insurance premiums. Borrowers are fully covered: death, total and irreversible loss of autonomy, disability. This shield protects almost 90% of borrowers insured for disability and death. Mortgage premiums account for over 66% of total premiums. The consumer credit market represents around 20% of the credit insurance market, and is in decline. The bancassurance model holds a dominant position in the French market, with a market share of over 83%,