The economy minister has called for a freeze on insurance premiums in the hospitality and hospitality sector, failing which the government will approve a Senate amendment requiring extra insurance contributions.
Insurance CEO Axa France has denounced the “scandalous blackmail” after Economy and Finance Minister Bruno Le Maire called on the sector this week to freeze the new tax to freeze insurance premiums for hosts and restaurants.
“It is scandalous to have to endure such blackmail,” Jacques de Peretti, the French general manager of Axa, rebelled in an interview with Le Parisien, published on the newspaper’s website on Saturday evening.
“I had all my European colleagues on the phone last Monday and this blackmail has never been done in any country, as long as the situation of insurance and restaurant owners is the same,” the leader continued. .
It costs 1.2 billion euros for insurance
Bruno Le Maire called for a freeze on insurance premiums in the hospitality sector on Tuesday, failing which the government will approve a Senate amendment requiring extra insurance contributions.
An amendment tabled in the Senate in recent days seeks to include an extra 2% contribution to premiums paid for damages insurance contracts. This, according to the French Insurance Federation, would cost the sector 1.2 billion euros.
“That would be the worst thing to recover from this tax, because we can’t just take on such a burden, and we should take it to the contributions of our policyholders, who are already highly taxed themselves,” Jacques warns. By the hand of Peretti.
Premium frosts more open
As for premium freezes for hospitality and hospitality professionals, “this is a path we are looking forward to. (…) We are all interested in finding a solution and we all excel in this conflict,” continued Jacques de Peretti, stressing the “openness” of companies.
Since March, the insurance sector has implemented a number of measures to help the economy, from a contribution of 400 million euros to a public fund to support SMEs, to more investment programs. billion euros through various initiatives taken by companies individually.
In total, these individual and collective measures represent commitments of 3.8 billion euros.
But insurers have accused them of not doing enough since the health crisis began and have taken to court dozens of disputes between restaurants and insurers over coverage of rarely covered operating losses.