Group borrower insurance: focus on stabilizing banking strategies
- May 3, 2025
- 3 min read
After an unprecedented crisis in the real estate market that began in 2022, marked by a surge in interest rates—which rose from 1.1% in February 2022 to a peak of 4.2% at the end of 2023—credit is recovering in 2025.
Although the easing of rates brought them back to around 3% in the spring, the sector remains far from the golden age of 2021, when loan production exceeded €25 billion per month. In March 2025, the volume of new loans reached €12 billion, a marked rebound from the low of €7 billion recorded the previous year, but against a backdrop of continued cautious expectations. First-time buyers, long excluded from the market, are finally making a comeback, buoyed by government measures, even though prices for existing homes are resisting the downward trend.
Against this changing backdrop, the mortgage insurance market saw increased competition from alternative insurers between 2022 and 2024, particularly for profiles not covered by the Lemoine law. Banks, keen to preserve their market share, have responded on two fronts: by strengthening the distribution of their group insurance—with some brands now limiting access to brokers in order to better promote their own offerings—and by adjusting their rates downward. As a result, the average cost of group insurance for a €200,000 loan over 20 years has fallen by around 5% in three years.
In terms of rates, there are still significant differences depending on the borrower's age. For a non-smoking executive, the average group insurance premium remains stable at around €7,000 until the age of 30, before skyrocketing: +60% at age 40 (€11,000), +150% at age 50 (€17,500).
In 2025, the downward trend in rates observed last year has slowed. BRED, the Caisse d'Epargne savings banks, and most of the Crédit Agricole banks—which had sometimes granted reductions of up to 40% in 2024—have kept their pricing policies unchanged. Only a few Crédit Agricole entities, which had remained on the sidelines until then, adjusted their prices, mainly for those under 30. The same stability was observed at Fortuneo, which had launched a new contract in 2024, and at La Banque Postale.
In a market seeking balance, BoursoBank is doing well, maintaining its pricing leadership for the fourth consecutive year, particularly for young borrowers under the age of 30. It remains the cheapest bank for borrower insurance across all profiles, even if its advantage is sometimes less pronounced for middle-aged borrowers or for higher loan amounts.
For example, on a €400,000 loan for a single insured person, compared to the average rate for all group contracts offered by banks, it offers savings of up to 80%, or €10,600 at age 20, €9,450 (-66%) at age 30, €12,650 (-57%) at age 40, and €7,900 at age 50 (-22%). It should be noted that these savings are doubled in the case of a couple covered 100% by two insured parties.
Article written by : Patrick Abadie & Étienne Coudron
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List of banks collected
Traditional banks and online banks : BNP, LCL, Société Générale, La Banque Postale, Crédit Mutuel Alliance Fédérale/CIC, Crédit Mutuel Arkea, Fortuneo, BoursoBank
Caisses du Crédit Agricole : Alpes Provence, Alsace Vosges, Anjou et du Maine, Aquitaine, Atlantique Vendée, Brie Picardie, Centre France, Centre Loire, Centre Ouest, Centre-Est, Champagne-Bourgogne, Charente Maritime Deux-Sèvres, Charente-Périgord, Corse, Côtes d'Armor, Finistère, Franche-Comté, Guadeloupe, Ille-et-Vilaine, La Réunion, Languedoc, Loire Haute-Loire, Lorraine, Martinique-Guyane, Morbihan, Nord de France, Nord Est, Nord Midi Pyrénées, Normandie, Normandie-Seine, Paris et d'Ile-de-France, Provence Côte d'Azur, Pyrénées Gascogne, Savoie, Sud Méditerranée, Sud Rhône Alpes, Toulouse 31, Touraine Poitou, Val de France
Caisses de la Banque Populaire : Bred, Alsace Lorraine Champagne, Aquitaine Centre Atlantique, Auvergne Rhône Alpes, Bourgogne Franche-Comté, Grand Ouest, Méditerranée, Occitane, Rives de Paris, Val de France, Nord, Sud
Caisses de la Caisse d’Epargne : Aquitaine Poitou-Charentes, Auvergne et du Limousin, Bourgogne Franche-Comté, Bretagne Pays de Loire, CEPAC, Côte d’Azur, Grand Est Europe, Hauts de France, Ile-de-France, Languedoc-Roussillon, Loire Centre, Loire Drôme Ardèche, Midi-Pyrénées, Normandie, Rhône Alpes
List of profiles collected
Guarantees covered by the contracts studied
