Has statutory insurance become a losing market?

Jean-Luc de Boissieu, President of the Mutual insurance company for local authorities (Smacl)

“I note above all that the risks at all levels are taking on a new dimension. We are a private company with our constraints, so we can continue to insure, but not under the same conditions as before. On the statutory question, we are now much more careful. We only respond to calls for tenders from local authorities that we already have in our portfolio and for which we have established the loss experience. Today, the price levels practiced do not follow the alarming evolution of absenteeism in local administrations. We are therefore increasing our prices and insuring the communities whose personnel manager we know with …

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This article is part of the Dossier

Insurance: local authorities on a tightrope

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