News Cardif Lab - Corporate
Skip to Content

ricardo-resende-ME4SriF6nGg-unsplash.jpg (Version 1.0)

Thumbnail Uploaded by Eve Rocher, 3/30/20 2:51 PM
Comments
No comments yet. Be the first.

Version 1.0

Last Updated by Eve Rocher
3/30/20 2:51 PM
Status: Approved
Download (4.2MB) Get URL.
Version History
Version Date Size  
1.0 13 Hours Ago 4.2MB

bnpp_cardif_existence_numerique_article 3.jpg (Version 1.0)

Thumbnail Uploaded by Eve Rocher, 3/30/20 2:50 PM
Comments
No comments yet. Be the first.

Version 1.0

Last Updated by Eve Rocher
3/30/20 2:50 PM
Status: Approved
Download (2.1MB) Get URL.
Version History
Version Date Size  
1.0 13 Hours Ago 2.1MB

bnpp_cardif_existence_numerique_article 2.jpg (Version 1.0)

Thumbnail Uploaded by Eve Rocher, 3/30/20 2:49 PM
Comments
No comments yet. Be the first.

Version 1.0

Last Updated by Eve Rocher
3/30/20 2:49 PM
Status: Approved
Download (2.1MB) Get URL.
Version History
Version Date Size  
1.0 13 Hours Ago 2.1MB

bnpp_cardif_existence_numerique_article.jpg (Version 1.0)

Thumbnail Uploaded by Eve Rocher, 3/30/20 2:49 PM
Comments
No comments yet. Be the first.

Version 1.0

Last Updated by Eve Rocher
3/30/20 2:49 PM
Status: Approved
Download (1.5MB) Get URL.
Version History
Version Date Size  
1.0 13 Hours Ago 1.5MB

Countries (Version 1.3)

Thumbnail Uploaded by Super Admin, 10/18/17 3:47 PM
Comments

Version 1.3

Last Updated by Samy Melaimi
3/13/20 10:54 AM
Status: Approved
Download (4k) Get URL.
Version History
Version Date Size  
1.3 17 Days Ago 4k
1.2 6 Months Ago 4k
1.1 2 Years Ago 4k
1.0 2 Years Ago 4k

 
To better support its partners and clients, BNP Paribas Cardif has adapted its organization around two market segments :
 
Domestic markets
 
They include BNP Paribas Cardif's activities in :
  • France
  • Italy
  • Luxembourg
International markets 
 
They comprise BNP Paribas Cardif's activities in :
  • Latin America : Argentine, Brazil, Chili, Colombia, Mexico, Peru
  • Continental Europe (Non-domestic markets): Germany, Austria, Belgium, Spain, Portugal, United Kingdom
  • North Europe and Emerging markets: Danemark, Norway, the Netherlands, Sweden, Bulgary, Hungary, Poland, the Czech Republic, Romania
  • Asia: China, South Korea, Japan, Taiwan, Vietnam
  • Other countries : Algeria, Russia, Slovakia, Turkey, Ukraine
 
Within each country, BNP Paribas Cardif offers solutions tailored to all types of clients: from large banking networks to brokers, offering personalized advice or selling products and services online only.
BNP Paribas Cardif also takes into account omni-channel distribution, in order to reinforce proximity with its final clients and deliver a consistent client experience.
The commercial partners of BNP Paribas Cardif come from different industries in which the company has developed a specific expertise: banks and consumer finance, retail, energy and resources (utilities), telecommunications, Independent Financial Advisors (IFAs) and brokers.
 
The activities of these markets are also supported by the insurer central functions.

 
 
Read the press release about our contribution to BNP Paribas 2019 results.
 

Site-Corpo-Infographie_800px-EN_VDEF.png (Version 1.0)

Thumbnail Uploaded by Bruna Ruas, 3/10/20 6:34 PM
Comments
No comments yet. Be the first.

Version 1.0

Last Updated by Bruna Ruas
3/10/20 6:34 PM
Status: Approved
Download (645k) Get URL.
Version History
Version Date Size  
1.0 20 Days Ago 645k

BNPCA_INFOG_PROD_V5 _EN2.png (Version 1.0)

Thumbnail Uploaded by Bruna Ruas, 3/10/20 6:25 PM
Comments
No comments yet. Be the first.

Version 1.0

Last Updated by Bruna Ruas
3/10/20 6:25 PM
Status: Approved
Download (1.6MB) Get URL.
Version History
Version Date Size  
1.0 20 Days Ago 1.6MB

Infographie résultats 2019.pdf (Version 1.0)

Thumbnail Uploaded by Bruna Ruas, 3/10/20 6:21 PM
1 of 1
Comments
No comments yet. Be the first.

Version 1.0

Last Updated by Bruna Ruas
3/10/20 6:21 PM
Status: Approved
Download (635k) Get URL.
Version History
Version Date Size  
1.0 20 Days Ago 635k

Site-Corpo-Infographie_800px-EN 2.png (Version 1.0)

Thumbnail Uploaded by Eve Rocher, 3/10/20 5:17 PM
Comments
No comments yet. Be the first.

Version 1.0

Last Updated by Eve Rocher
3/10/20 5:17 PM
Status: Approved
Download (142k) Get URL.
Version History
Version Date Size  
1.0 20 Days Ago 142k

Our commitments to improving women’s access to health

09 March 2020

 

A human-centric company, BNP Paribas Cardif is committed to reducing gender inequality, particularly in the area of health, by supporting the Women’s Forum.

Although women represent the majority of caregivers and still very broadly look after the health of their children, gender inequalities in terms of care remain significant. Here are a few examples. In India, the majority of women still have to ask permission from their husband to visit a health centre. For every 100 men aged 25 to 34 living in poverty, there are 122 women, which means that women are more likely to have to struggle to pay for healthcare. But the inequalities are not limited to developing countries. Generally speaking, the most effective treatments for women are often unknown because less data is available on their health than it is for men. In a study carried out in developed countries1, 62% of women say they don’t have enough time to do what they know they should do to stay healthy. Another alarming figure: only 4% of research & development funds are dedicated to women’s health! When it comes to entrepreneurship, in the United States, 90% of healthtech businesses are founded by men2.

Inequalities in access to healthcare take various forms and exist on several levels for women,” says Rosetta Laverda Desgrippes, Head of Health Line within the Transformation and Development Department (TDD) at BNP Paribas Cardif. There are real biases, particularly with the structural lack of research and data on the appropriate treatments. There are also cultural, financial, geographical and even educational barriers. New technologies can help us correct these biases and remove the barriers, for example, by making real-time expertise possible, and removing the problems of distance and time.” BNP Paribas has thereby decided to take part in the “Women & Access to Health Daring Circle”, a professional working group launched in November 2018 as part of the Women’s Forum3. It’s goal is to contribute to improving women’s access to health, to seek to bridge the gaps between the sexes, to improve the place of women in health technology and to appeal to leaders. Its strength: bringing major players together around this cause Co-led by Sanofi and AXA, in collaboration with BNP Paribas and Google, and in association with British company Reckitt Benckiser (manufacturer and distributor of home and pharmaceutical products) and Gavi (Global Alliance for Vaccines and Immunization)4, this circle of partners relies on a real spirit of cooperation. 

A year ago, this working group launched a call for initiatives to support innovative solutions having a tangible impact on the health of women, all while promoting their role. The result of the courses? 150 startups in 33 countries competed. As a member of the panel, BNP Paribas Cardif, represented by Laurence Hontarrede (Chief Prospective and CSR Officer) and Rosetta Laverda Desgrippes, helped to select the candidates, and then award the prize winners. The finalists receive mentoring, funding (up to €150,000) and increased visibility by the partners involved, as well as the opportunity to access a suite of Google services.

The circle has also published a white paper called “Addressing health barriers through technology”, which identifies the six main obstacles encountered by women and how to overcome them using technology: barriers to accessing mental healthcare, limited access to information, lack of data on women’s health, limited physical access to care, lack of reliable health records and lack of means to pay or time-poverty. “This document also contains advice from sector leaders on how women can develop successful healthcare businesses”, explains Rosetta Laverda Desgrippes and Laurence Hontarrede, who took part in the working group. A lasting commitment across the world.

In addition to this initiative, BNP Paribas Cardif, which is present in 35 countries and employs nearly 10,000 people, has made a lasting commitment to women. For its clients with, for example, the new Cardif Libertés Emprunteur (loan-insurance policy) which extends its cover to gestational diabetes and psychiatric disorders associated with an event such as domestic violence. But also for employees: “In Taiwan, we extended our employees’ maternity leave from 8 weeks to 14 weeks as of January 2019”, says Rosetta Laverda Desgrippes, citing an example. “In Turkey, we have developed a specific insurance product for women with cancer and our efforts are not stopping there. Indeed, BNP Paribas Cardif in Turkey is cooperating with ACEV, an NGO for a rural education programme, and we’re cooperating with the Mimar Sinan University to produce a document on women’s empowerment... All these actions are part of a perfectly consistent and comprehensive approach. We’re convinced that using all the tools available to us will contribute effectively to promoting the place of women.”
All these actions also reflect our determination to combine performance and a positive impact for society, while making insurance more accessible.

 

> Read the White Paper brochure "Daring Circle - Women & Access to Health

 

1 Reference cited in the white paper: 8. Luce, C.B., Hewlett, S.A., Kennedy, J.T., & Sherbin, L.(2015). The Power of the Purse: Engaging Women Decision Makers for Healthy Outcomes. Center for Talent Innovation. https://www.talentinnovation.org/_private/assets/PopHealthcare_ExecSumm-CTI.pdf

2 Source: White paper “Adressing health barriers through technology”, Women’s Forum, 2019.

3 Considered as one of the five most influential forums in the world by the Financial Times, the Women’s Forum, an international organisation founded in 2005, aims to highlight women’s voices and perspectives on global issues in order to create a positive impact on communities and societies.

4 GAVI is a public-private partnership that aims to accelerate progress in poor countries by increasing access to immunisation for children (WHO, UNICEF, World Bank, vaccine manufacturers, private donors like Melinda and Bill Gates).


bnpp_cardif_femme et assurance_numbers.PNG (Version 1.0)

Thumbnail Uploaded by Eve Rocher, 3/9/20 12:20 PM
Comments
No comments yet. Be the first.

Version 1.0

Last Updated by Eve Rocher
3/9/20 12:20 PM
Status: Approved
Download (60k) Get URL.
Version History
Version Date Size  
1.0 21 Days Ago 60k

bnpp_cardif_femme et assurance_chiffres.PNG (Version 1.0)

Thumbnail Uploaded by Eve Rocher, 3/9/20 12:20 PM
Comments
No comments yet. Be the first.

Version 1.0

Last Updated by Eve Rocher
3/9/20 12:20 PM
Status: Approved
Download (68k) Get URL.
Version History
Version Date Size  
1.0 21 Days Ago 68k

BNP Paribas Cardif posts record 2019 pre-tax net profit, tripled in ten years

06 March 2020

 

Contribution to BNP Paribas Group 2019 results

 

BNP Paribas Cardif posts record 2019 pre-tax net profit, tripled in ten years

 

·         World leader in bancassurance partnerships[i] and creditor insurance[ii]

·         Record pre-tax net profit[iii] for 2019: 1.7 billion euros, up 16% compared with 2018

·         Continued deployment of 2020 strategic plan centered on digital transformation

·         500 distributor partners with whom a hundred contracts were signed or renewed in 2019

·         Over half a million insurance policies marketed by Orange

Sharp rise in net profit

·         BNP Paribas Cardif continued its growth, posting record pre-tax net profit of 1.7 billion euros (excluding exceptional items), an increase of 16% vs. 2018. At constant scope and exchange rates, pre-tax net profit rose 19.2%. BNP Paribas Cardif has tripled its net profit in the space of a decade[iv].

·         Gross written premiums for the insurance business of the BNP Paribas Group totalled 29.8 billion euros at year-end 2019, a decline of 6%[v] compared with 2018, a record year for savings inflows in France. The savings segment had gross written premiums of 22.5 billion euros (-9%5 vs. 2018), while the protection insurance segment accounted for 7.3 billion euros (+3%5 compared with the previous year). International business development was sustained, led by Latin America and Asia, excluding India.

·         At 31 December 2019, BNP Paribas Cardif had 260 billion euros in assets under management, an increase of 9% compared with 2018.

In France, some 98% of directly held assets in the general fund have been evaluated against environmental, social and governance (ESG) criteria, one of the highest proportions in the market. The energy transition figures among the priorities of BNP Paribas Cardif’s CSR strategy, and at the end of 2019 the insurer already counted 3.7 billion euros in green investments. It also holds 6.7 billion euros invested in unit-linked assets labelled as “socially responsible investments”, an increase of 73% compared with 2018. In addition, BNP Paribas Cardif is committed to providing financing for the real economy by supporting businesses with a variety of structures in diverse sectors, from corporations and startups to establishments active in the social and solidarity economy. These responsible investments drive economic growth, promote innovation and the development of new technologies and create jobs.

 

BNP Paribas Cardif domestic markets (France, Italy and Luxembourg) had gross written premiums of 19.7 billion euros in 2019 (-10%5 vs. 2018) after an exceptional year in 2018.

In international markets (Asia, Latin America and Europe, excluding domestic markets), the insurer recorded gross written premiums of 10.1 billion euros, an increase of 1.5%5 compared with 2018:

·         Asia had gross written premiums of 4.9 billion euros in 2019, stable compared with the previous year. In the protection insurance segment, Asia recorded gross written premiums of 0.9 billion euros, up 3%5 compared with end 2018 (excluding India) thanks to business in Japan. In the savings segment, Asia posted 4 billion euros in inflows, an increase of 17%5 excluding changes in scope following the deconsolidation of India[vi].  Taiwan accounted for 3 billion euros in new cash, up 13%5 compared with 2018.

·         Latin America continued its growth momentum in protection insurance with gross written premiums reaching 1.7 billion euros (+5%5 vs. 2018). This increase was due in particular to Brazil (+10%5 vs. 2018), Colombia (+20%5 vs. 2018) – thanks to the development of creditor insurance – Mexico (+27%5 vs. 2018) and Peru (+44%5 vs. 2018).

·         Europe (excluding domestic markets) and emerging markets recorded a 5%5 rise in gross written premiums compared with 2018, reaching 3.5 billion euros.

 

Nearly a hundred partnerships signed or renewed in 2019 

A recognized expert in bancassurance partnerships1, BNP Paribas Cardif markets its products through 500 partners around the world in diverse sectors. With a presence in 34 countries, the insurer generates over half of its gross written premiums (58%) in international markets.

In 2019, BNP Paribas Cardif generated nearly half of its gross written premiums (48%, or 14.3 billion euros) through partners outside the BNP Paribas Group. Of the 7.3 billion euros in total protection insurance gross written premiums, 70% (5.1 billion euros) comes from business with external partners. These partners include banks and financial institutions, along with automobile, retail and telecoms industry leaders, as well as financial advisors and brokers.

Building on this experience, the insurer signed or renewed nearly one hundred partnerships in 2019. Through these agreements it seized new development opportunities in the three major geographies where it deploys its expertise: Asia, Latin America and Europe. These new partnerships, which promise fresh growth, include several significant long-term agreements.

·         In France, the year was marked by the success of an insurance offer marketed by Orange. In July 2018, BNP Paribas Cardif and Orange signed a major partnership in France to insure mobile devices against damage or theft risks. In just a year and a half, more than 600,000 Orange clients have subscribed the “Assurances 24h Orange” cover to protect their smartphone or tablet. This significant partnership is aligned with BNP Paribas Cardif France’s strategic plan to diversify its business. Following several partnerships with major retail and electronics chains, this collaboration with one of the world’s leading telecommunications operators adds a new dimension to the affinity insurance segment with an offer built around expertise and digitization. Last year also saw continued development of property and casualty insurance marketed via the BNP Paribas branch banking network. Cardif IARD, a joint venture between BNP Paribas Cardif and Matmut, saw 10% growth in gross earned premiums in 2019 versus 2018.

·         Europe: BNP Paribas Cardif provided its recognized analytics know-how for Sainsbury’s Bank, a subsidiary of the United Kingdom’s leading retailer. Thanks in particular to its expertise in dynamic pricing, the insurer won the call for tenders and launched a digitized pet insurance offer for the bank’s clients.

·         Latin America: BNP Paribas Cardif signed a 15-year strategic alliance with Scotiabank, an international Canadian bank and a leading provider of financial services in the Americas. The insurer will provide access to protection insurance for Scotiabank’s nine million clients in Latin America. Its protection and insurance solutions will be developed for Scotiabank clients in Chile, Colombia, Mexico and Peru.

·         Asia: BNP Paribas Cardif renewed long-term agreements with Taiwan banks Hua Nan Bank and Yuanta Bank, continuing to expand its bancassurance network in Asia. In Korea, BNP Paribas Cardif also developed an extended warranty offer for KIA vehicles in collaboration with Hyundai Fire & Marine, the casualty insurance company of the Hyundai group.

 

BNP Paribas Cardif, a leader in wealth management in France

A leader in wealth management in France, BNP Paribas Cardif is the third-largest life insurer in the country[vii], operating via a general fund which totalled 123 billion euros in assets under management at 31 December 2019. This includes 10 billion euros managed via business with financial advisors, and 13 billion euros via AEP, a commercial brand of BNP Paribas Cardif which designs and markets investment savings solutions for high net worth clients of private banks, investment management firms and brokerage platforms.

In France, BNP Paribas Cardif recorded gross written premiums of 12.6 billion euros. Gross written premiums from savings totalled 11 billion euros (-15% vs. 2018), following an exceptional year in 2018, when gross written premiums surged 15% compared with 2017. In an environment marked by low and even negative interest rates, BNP Paribas Cardif provides its clients with long-term support with access to products matched to their profiles and individual situations. In addition to euro funds, the insurer develops alternative investment solutions and is expanding its offering so that all savers can benefit from products and investment vehicles aligned with their needs and objectives. For clients conversant with investment alternatives who seek meaningful savings options, BNP Paribas Cardif offers more than 70 unit-linked products with the socially responsible investment label, as well as private equity solutions. In 2019, inflows in unit-linked contracts represented 34% of total inflows (compared with 30% in 2018).

In late 2019, BNP Paribas Cardif also signed an innovative partnership with Birdee, a subsidiary of Gambit Financial Solutions, which introduced its first life insurance product in France. Designed for individuals seeking to diversify their savings with online solutions, “Birdee Vie” is an online life insurance offer that uses the Gambit Financial Solutions robo advisor. Digitization of this new savings offer makes it possible to propose quality asset allocation advice from an initial investment of 1,000 euros. 

BNP Paribas Cardif has seized opportunities introduced by the PACTE law in France as well. Leveraging its extensive distribution network in France – BNP Paribas Retail Banking, BNP Paribas Private Bank, partner investment advisors, brokers and others – the insurer adapted its offer to meet client needs, working closely with distribution partners. It now offers PER pension savings plans via its different distribution channels in France, starting at 30 euros[viii]. The product designed for financial advisors proposes a choice of over 900 different investment vehicles, one of the most diversified ranges in the market at the end of 2019. BNP Paribas Cardif has thus confirmed its position as a major and longstanding player in retirement savings with an offer that spans individual and collective retirement savings and employee savings plans[ix].

BNP Paribas Cardif protection[x] gross written premiums in France rose 3% vs. 2018 to 1.6 billion euros. This increase came primarily from growth in creditor insurance, where BNP Paribas Cardif is the world leader2. The company introduced a new offer branded Cardif Libertés Emprunteur. Ten years ago it was one of the first insurers in France to facilitate access to creditor insurance for people suffering from certain pathologies such as asthma, paraplegia or coronary diseases. Cardif Libertés Emprunteur now offers cover and adapted rate scales for four additional pathologies[xi], making insurance more accessible. To facilitate the client experience, BNP Paribas Cardif also introduced the “Passeport Cardif Libertés Emprunteur”, a first in France. This solution lets clients anticipate mortgage insurance formalities before they begin looking for a property or obtain a bank loan by receiving an insurance proposal that remains valid for 12 months. The 100% digital subscription process is designed to provide an immediate decision online for nine out of ten clients. This solution has proved a solid commercial success with a 58% increase in the number of Cardif Libertés Emprunteur policies subscribed in 2019.

>> An infographic showing 2019 Key figures for BNP Paribas Cardif is available here.

>> Download the press release


[i] Finaccord 2018

[ii] Source : Finaccord

[iii] Excluding exceptional items

[iv] 2009 pre-tax net profit: 546 million euros

[v] At constant exchange rates

[vi] Scope impact following deconsolidation of SBI Life

[vii] L’Argus de l’Assurance, June 2019

[viii] BNP Paribas Multiplacements PER (marketed by BNP Paribas retail branches) and BNP Paribas Multiplacements Privilège PER (for clients of    BNP Paribas Banque Privée France) are available from 30 euros. Cardif Essentiel Retraite (distributed by financial advisors and brokers) is available from 1,500 euros.

[ix] Via its joint venture BNP Paribas Epargne & Retraite Entreprises

[x] The protection segment covers creditor insurance, personal protection, property and casualty insurance and extended warranties for motor vehicles.

[xi] Parkinson’s disease, obesity, gestational diabetes, psychological disorders related to a traumatic event (aggression, separation or divorce, spousal violence, terrorist attack, etc.)

 


Citation Renaud-EN.PNG (Version 1.0)

Thumbnail Uploaded by Bruna Ruas, 3/6/20 11:36 AM
Comments
No comments yet. Be the first.

Version 1.0

Last Updated by Bruna Ruas
3/6/20 11:36 AM
Status: Approved
Download (69k) Get URL.
Version History
Version Date Size  
1.0 24 Days Ago 69k

Citation Renaud-FR.PNG (Version 1.0)

Thumbnail Uploaded by Bruna Ruas, 3/6/20 11:35 AM
Comments
No comments yet. Be the first.

Version 1.0

Last Updated by Bruna Ruas
3/6/20 11:35 AM
Status: Approved
Download (60k) Get URL.
Version History
Version Date Size  
1.0 24 Days Ago 60k


CP_Resultats_2019_060320_FR.pdf (Version 1.0)

Thumbnail Uploaded by Eve Rocher, 3/5/20 5:40 PM
1 of 4
Comments
No comments yet. Be the first.

Version 1.0

Last Updated by Eve Rocher
3/5/20 5:40 PM
Status: Approved
Download (180k) Get URL.
Version History
Version Date Size  
1.0 25 Days Ago 180k

PR_2019_Results_060320_EN.pdf (Version 1.0)

Thumbnail Uploaded by Eve Rocher, 3/5/20 5:40 PM
1 of 4
Comments
No comments yet. Be the first.

Version 1.0

Last Updated by Eve Rocher
3/5/20 5:40 PM
Status: Approved
Download (137k) Get URL.
Version History
Version Date Size  
1.0 25 Days Ago 137k