BPCE presents new impact housing insurance

The French banking group has just taken a new step towards enriching its "impact" offers. And his initiative this time takes the form of a new home insurance plan designed to reward the eco-responsible commitments of his policyholders. The Banque Populaire and Savings Fund have thus associated with COPD Assurances to create this new initiative.

FACTS

• The BPCE group will now offer its insured persons with an HRM contract an impact formula that will reward their eco-responsible commitment.

• This new impact housing insurance is supported by a "energy and climate transition" rebate system, which is presented as a progressive pricing scheme applied to home multi-risk insurance (HRM) contracts.

• In concrete terms, insured persons will be entitled to a discount on their insurance contributions up to 15% over the life of the contract according to a number of eco-responsible criteria:
  • 1 eco-responsible criterion: 5% reduction
  • 2 eco-responsible criteria: 10% discount
  • 3 eco-responsible criteria: 15% discount

• These criteria are specified by the bank. In her view, they demonstrate the commitment of insured persons who must:
  • Have subscribed to a personal energy renovation loan or a zero-rate Eco-loan from a Banque Populaire or Caisse d'Epargne (or have benefited from MaPrimeRénov');
  • Have an Energy Performance Diagnostic (EPD) class A or B;
  • Have carried out installations or works to make his home resilient to floods and/or the withdrawal-swelling of clays (dryness.)

• The offer is available to all owners of houses or apartments (including non-occupiers or landlords) insured for their principal or secondary residence under the BPCE Housing Insurance IARD contract marketed by Banques Populaires and Caisses d'Epargne, without condition of seniority.

ISSUES

• Complete your device : Caisse d'Epargne launched its first Impact Loan in October 2020. The objective was then to index the interest rate of its institutional clients' borrowings to non-financial performance targets and to offer them the opportunity to return the perceived bonuses to an association. By 2023, the scheme had already made its evidence to finance a loan outstanding of €1.5 billion. In January, the BPCE group, through the Banques Populaires and Caisses d'Epargne, announced its ambition to integrate energy performance diagnostics (EPDs) into its real estate credit offerings. At the key, an enhanced rate for the most committed purchasers. And more recently, Banque Populaire open Agricultural Impact Loans.

• Meeting expectations : According to a recent survey by the Agence de l'Environnement et de la Maîtrise de l'Energie (Ademe), whose results are highlighted by BPCE, 80% of French people express concern about health and environmental impacts, and 78% are ready to change their habits for the good of the planet.

PERSPECTIVE

• Support for energy renovation of housing is a priority of the strategic project Vision 2030 BPCE Group.

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