After 2.48% in 2014, the average rate of return of funds in euros is forecast at 2.25% for net costs ofmanagement by 2015.
2.25% for net of management fees: this is, according to Cyrille Chartier-Kastler, founder of the websiteFacts & Figures and expert of life insurance,
the average yield expected in 2015 funds in euros of contracts of life insurance in France compared to 2.48% in 2014. Gross financial performanceexcluding the profit sharing contribution, him, is expected at around 3%.
AN AVERAGE RATE OF 2.05% IN 2016
"One can make the assumption for the following years of the continuation of this decline inperformance of the order of 15 to 20 cents per year, so for 2016, an average rate of 2.05%", hecontinues.
To achieve this forecast established under its 6th 2015 life savings barometer, it crosses the hypothesis of gradual increase of the sovereign rates in the euro area (i.e. an average of OAT 10
yearsfrom 1.20% in 2015 to 2.80% in 2019), which defends the Central Bank European,
and analysis of theguaranteed annual rates announced by insurers to savers , and is 1.01% in 2015, after 1.25% in 2014.
A FAILURE OF THE DEVELOPMENT OF THE UNITS OF ACCOUNT
It is «at the end of a history of 40 years of life insurance in France»,
considers it. In thesecircumstances, insurers will be forced to change course for their business model,
including redirectingon the units of account, and by encouraging investors to engage in the
medium/long term. Becauseaccording to him the attractive yields of the funds in euros in recent years
and the lack of teaching ofinsurance companies have led to "a failure of the development of the units of account" with units ofaccount in the collection rate is 16% and 17% in outstandings in 2014.
BNP, AXA AND ALLIANZ, CHAMPIONS OF THE CPU
It out of the BNP Paribas, Axa and Allianz qualified instead of "champions" of the collection of theunits of account: in 2014, these three actors have directed them only 45% of the collection of the unitsof account in France.
"Other insurers did turn of the units of account for only a short time while ittakes several years to develop this collection", he concludes.