CNP ASSURANCES : Nortia and CNP Assurances launch Canopia, a new life insurance product

Paris, 19 May 2015

On 13 May 2015, Nortia, a life insurance broker, and CNP Assurances, France's leading personal insurer, unveiled Canopia, a new life insurance contract for the wealth management market. The product was created under the partnership set up between CNP Assurances and Nortia in January 2015.

Developed by CNP Assurances and marketed exclusively by independent financial advisors (IFAs) accredited by Nortia, Canopia is firmly aimed at the wealth management market. For a minimum initial investment of €250,000, savers can choose between the CNP Patrimoine traditional fund and a wide selection of unit-linked funds such as UCITS, real estate funds and fixed-term structured products. The range of savings options will be extended soon with the addition of a dynamic fund.

Canopia offers a "mix and match" choice of management methods for each contract, includin customer-led, discretionary and manager-guided.

It also offers the choice between an ordinary, indexed, ratchet or enhanced capital guarantee.

A version qualifying for the tax benefits available for "contrats de capitalisation" will be launched in June and an electronic signature system will be introduced in September.

Back-office processes have been outsourced to QIS - Quality Insurance Services, an innovative thirdparty life insurance administrator with 15 years' experience in managing premium products.

"Since 1994, Nortia has been designing and distributing innovative life insurance products for the wealth management market. This new partnership with CNP Assurances, France's leading personal insurer, is an opportunity for us to pursue our strategy and offer a new product to our IFA partners" said Vincent Dubois, Nortia's chief executive officer.

"CNP Assurances's strategy is based in part on selective distribution through high profile partners such as Nortia. With Canopia, Nortia's wealth management customers will be offered an innovative product to help them to build capital for their retirement or to pass on to the younger generations, or simply to diversify their savings" said Laurent Jumelle, director of the wealth management department at CNP Assurances.