CNP Assurances and Alptis Assurances create CAPVITA - a subsidiary dedicated to sole traders, VSEs and SMEs

Paris, 30 January 2015

The CNP Assurances group, the leader in personal insurance in France, and Alptis Assurances, a masterbroker specialising in social protection, announce the signing of a strategic partnership in healthcare/providential insurance. CNP Assurances and Alptis Assurances are combining their skills in a joint company - CAPVITA - to offer bespoke solutions to company leaders, particularly to increase take-up of supplementary health insurance.

CAPVITA is 51% owned by CNP Assurances and 49% by Alptis Assurances. As an insurance and reinsurance intermediary, the subsidiary's aim is to market a complete range of healthcare/providential insurance products and services to sole traders and company leaders (VSEs/SMEs) and their employees.

CNP Assurances and Alptis Assurances will also be pooling their respective expertise to respond effectively to the social protection needs of these groups. CNP Assurances offers company leaders and their employees simple products including a wide range of guarantees and services (assistance, information and healthcare networks) and a high level of cover. Alptis Assurances, meanwhile, offers its expertise via its distribution network of more than 6,100 brokers, as well as its expertise in digital, distance selling and management.

With CAPVITA, CNP Assurances is therefore strengthening its positioning on the healthcare and providential insurance market by managing the entire value chain as an insurer, reinsurer, co-insurer, manager and distributor. This new subsidiary will also allow the Group to support its partners (particularly banks, mutual insurers and provident institutions) in distribution and/or management of personal protection products.
CAPVITA allows Alptis Assurances to expand its success to the personal insurance markets, promote its innovation capacity and allow new partners to benefit from its services.

"As a healthcare insurer, ANI represents a fantastic opportunity to strengthen our positions on this market. The launch of CAPVITA with Alptis Assurances, a broker recognised for its agility, will allow all our partners to benefit from a comprehensive range of products while offering attractive services to our clients," says Magaly Siméon, Social Protection and Services Director, CNP Assurances.

"As a recognised player on the social protection market, this initiative allows Alptis Assurances to open new access to the market. Through the creation of CAPVITA, we will benefit from the technical management of CNP Assurances, while offering our own expertise in the field of remote distribution and management. The partners concerned can also benefit from comprehensive, high-quality solutions, while keeping tight control of implementation costs," explains Jean-Paul Babey, Chairman of Alptis Assurances.



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