RECOMMANDATIONS AUX ASSUREURS-VIE

Reclaim Finance recommends that French life insurers implement a Climate/Energy policy across all asset classes to end support for fossil fuel expansion. The guide details specific implementation paths for 'fonds euro' (general funds) and 'unités de compte' (unit-linked accounts), proposing a phased timeline from 2024 to 2026 to pressure asset management companies (SdG) into compliance through divestment threats and strict selection criteria.

• French life insurers are urged to adopt a Climate/Energy policy covering all asset classes exposed to coal, oil, gas, and electricity production (utilities), regardless of the investment vehicle or level of intermediation, including direct investments, management mandates, dedicated funds, and open funds.
• For 'fonds euro' (general funds), the document proposes a phased engagement timeline: starting in 2024 by conditioning new investments on policy compliance and issuing 'side-letters' to existing funds; moving to divestment from non-compliant funds in 2025; and finally divesting from asset management companies (SdG) that fail to implement compliant policies by 2026.
• Regarding 'unités de compte' (UC), the recommendations focus on a progressive alignment of the offering, prioritizing listed equities, bonds, and private equity, while excluding real estate. The proposed timeline suggests that by 2025, both the commercialization of new funds and the maintenance of existing funds in the UC offer should be conditioned on compliance with the insurer's coal, oil, and gas policies.
• The document justifies these recommendations by citing the increasing financial risk to insurers from climate-related natural disasters, noting that insured losses exceeded $100 billion annually in both 2021 and 2022, compared to an average of $81 billion between 2012 and 2021.

APA

Reclaim Finance (2023). RECOMMANDATIONS AUX ASSUREURS-VIE. https://reclaimfinance.org/site/wp-content/uploads/2023/11/Recommandations-aux-assureurs-vie-1.pdf

Chicago

Reclaim Finance. RECOMMANDATIONS AUX ASSUREURS-VIE. 2023. https://reclaimfinance.org/site/wp-content/uploads/2023/11/Recommandations-aux-assureurs-vie-1.pdf.

Wikipedia

{{cite report |author=Reclaim Finance |title=RECOMMANDATIONS AUX ASSUREURS-VIE |date=November 2023 |url=https://reclaimfinance.org/site/wp-content/uploads/2023/11/Recommandations-aux-assureurs-vie-1.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{reclaimfinance2023recommandations, author = {{Reclaim Finance}}, title = {{RECOMMANDATIONS AUX ASSUREURS-VIE}}, institution = {Reclaim Finance}, year = {2023}, month = nov, url = {https://reclaimfinance.org/site/wp-content/uploads/2023/11/Recommandations-aux-assureurs-vie-1.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }