Since 1er June, the Lemoine law brings more flexibility and transparency to the borrower insurance market, putting bank-insurers in the face of strong competition in this market where they previously had a monopoly.
While some are announcing an increase of up to 50% on their rates with the application of the new law, the neo-insurer Assurly promises to maintain its competitive rates, without impacting the guarantees offered to its customers. The Assurly product remains compliant with the equivalence criteria imposed by the banks for any change in borrower insurance, and above all it remains all-inclusive, thus covering the 4 compulsory guarantees (death, PTIA, disability and incapacity).
“The Lemoine law is a real step forward which makes borrower insurance more accessible and more inclusive! We have decided at Assurly to participate fully in this historic revolution and to concentrate our efforts to adapt to this new regulation without penalizing borrowers with an exorbitant price increase. And since June 1, our underwriting process has been adapted to “Lemoine cases”, those policyholders whose loans are less than €200K and will be repaid before their 60th birthday. For all these people, the health questionnaire will no longer appear! », declares Toufik Gozim, CEO of Assurly.Assurly’s ultra-competitive insurance products have been designed with our partners Hannover Re and Scor, respectively 3th and 4th global reinsurers. Assurly ae?value? the annual costs of borrower insurance between different players (bankinsurers, alternative players and Assurly) for the average profile of the borrower in France. It turns out that the price of bank-insurers remains the highest price. Alternative players, for their part, show lower costs on both fixed and variable maturities. As for Assurly, it seems to be well below dec?a? of those offered by both bank insurers and alternative players.
“We currently operate as MGA (managing general officer) across the entire value chain without technological disruption, from underwriting to claims management and contract management. Thanks to the technologies we have developed, we are able to estimate claims in a much more sharper than traditional insurers”concludes Toufik Gozim, CEO of Assurly.
Created in 2020 by Toufik Gozim and Mickael Benhassen, Assurly is a neo-insurance company that offers a 100% digital borrower insurance product at hyper-competitive rates. Labeled Finance Innovation and classified by Sifted as “startups to watch”, Assurly already supports thousands of customers in their change of borrower insurance and saves up to €48,000 for its customers. https://www.assurly.com/