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MMA Monaco: “Managing everything via your smartphone”

Insurable risks, the impact of the crisis How will the world of insurance develop in the coming years
Pierre Bri re, insurance broker at MMA Monaco, has his own ideas.

Will there be new insurable risks? up and market euphoria spreads and it is, are therefore a better fit better for sustainable
Most certainly, yes, because lifestyles indeed, this state of affairs that I see in many development standards.
are changing. As one of the 1,200 MMA industry professionals. If we take the CAC40 Of course you cannot predict future performance
insurance brokers at our general assembly index, its level rose from 3,745 points on 18 by the past but I must tell you that since 2011
on 24 September, I can tell you that your March 2020 the day after the first lockdown we have had 20 out of 21 formula-based
question was asked by a member. The technical to 6,517 points on 1 October - that’s a 74% products pay off. As these products enjoy levels
department of my company, which has turned increase that I find truly dizzying given the of protection, the only “non-winner” covered
out to be one of the precursors in the evolution current economy. At the present time, and it is its initial investment costs. For the 20 others,
of automobile contracts by inventing pay-per- a totally personal choice that deviates from the the returns were very satisfactory, since 15
kilometre insurance, is studying new forms of current trend, for their life insurance, I encourage gave gross annual returns of over 5.40% and
mobility as well as car sharing, not forgetting our some 1,100 clients at the Monaco agency, some reached up to 7.68%. These investments
self-drive cars, with all the related legal issues to favour diversification geared more towards cannot be compared with managing securities
such as the liability of a driver who does not “formula-based” products and no longer the more accounts - although if we add the level of risk
drive a vehicle. traditional funds or mutual funds. These are involved, it remains to be seen
products that we incorporated into our flagship Our management company, CO EA Finance,
hat has been the impact of the Covid-19 MMA MU TISUPPORTS and MMA PER A ENIR is the tenth-largest in France but what is
crisis on insurance? contracts, enabling us to seek in the medium and even more important to me is that our group
Undeniably, economies have suffered greatly, long term a performance with higher potential is not dependent on shareholders, allowing
even if it must be recognised that financial than euro-based products (2020 yield: 1.35%; us to conduct a prudent strategy, notably by
support from the French and Monégasque 1.50% or 1.85%, depending on whether the building up reserves, for the greater good of
governments has made it possible to prevent MMA bonus or super-bonus is granted which our members. At the start of 2020, around
numerous businesses and shops going will continue to decline. Almost all of these 950 million of reserve funds will be distributed
bankrupt. MMA has provided a lot of support products are intended to be ESG, meaning that amongst our members for the years to come;
to its professional members and, for my part, the companies selected in our market indices this represents a saving of around 5.5% on
I have been able to help many small economic meet the Environmental, Social and Governance MMA IE’s euro-based product. Again, this is
entities by paying out more than 200,000 in criteria; we even have some products that add reassuring information. Our financial stability
aid since this health crisis did not constitute the notion of a carbon footprint. These products is truly a major asset
an operating loss: the crisis
allowed alternatives to
emerge, such as teleworking.
With everything becoming
more and more digital,
MMA has even developed
an application allowing a
driver who breaks down or
is in need of assistance to be
able, if they wish, to manage
everything themselves via
their smartphone.

How will the financial
markets develop
That I do not honestly know.
However, experience has
taught me that stock market
corrections or stock market
cracks occur regularly
depending on geopolitical
factors but also when © monkeybusiness
speculative bubbles swell

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