Bruno Le Maire reminded him on Monday: "Insurers must be at the rendezvous of national solidarity." An appeal already launched by the President of the Republic during his last television address. "There is a lot of demagoguery on the part of our politicians who say that insurers should reimburse everything. But insurers cannot do anything, there are monitoring bodies ...", said Tuesday on Europe 1 Olivier Moustacakis, co-founder of the Assurland.com site, an online insurance comparator.
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"Even if insurers wanted to reimburse, they would be prohibited"
Closed for two months due to coronavirus, many professionals in the hotel and restaurant industry find themselves without resources and destitute in the face of insurance contracts that do not cover the risk of a pandemic. Since the beginning of the crisis, the cumulative loss of activity would amount to 60 billion euros. "Even if the insurers wanted to reimburse all this amount, they would be prohibited by the supervisory authority responsible for checking their solvency," said Olivier Moustacakis.
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According to him, French insurers do not have the financial capacity to come to the aid of all those who currently need it. "It is a systemic risk. While insurance is based on the principle of mutualisation: some people must be fine and be able to pay for those who are bad," he explains. In this case, as in that of a war, he said, "only states are able to compensate as a last resort".