{"id":48802,"date":"2024-10-15T14:03:35","date_gmt":"2024-10-15T12:03:35","guid":{"rendered":"https:\/\/www.accuracy.com\/?p=48802"},"modified":"2024-10-29T15:23:52","modified_gmt":"2024-10-29T14:23:52","slug":"lauto-assurance-une-strategie-de-plus-en-plus-repandue-sur-le-marche-europeen","status":"publish","type":"post","link":"https:\/\/www.accuracy.com\/fr\/self-insurance-an-ever-more-widespread-strategy-in-the-european-market\/","title":{"rendered":"L'auto-assurance, une strat\u00e9gie de plus en plus r\u00e9pandue sur le march\u00e9 europ\u00e9en"},"content":{"rendered":"<p><strong>INTRODUCTION<\/strong><\/p>\n<p>Dans un contexte de march\u00e9 inflationniste incertain, marqu\u00e9 par l'\u00e9mergence de nouveaux risques, les solutions alternatives aux assureurs traditionnels ont le vent en poupe. Il s'agit notamment des captives : des v\u00e9hicules d'auto-assurance cr\u00e9\u00e9s par des entreprises pour couvrir leurs propres risques sans recourir \u00e0 un assureur ou \u00e0 un r\u00e9assureur - une solution aujourd'hui privil\u00e9gi\u00e9e par un nombre croissant d'entreprises dans tous les secteurs d'activit\u00e9.<\/p>\n<p>Cette tendance s'observe aussi bien dans les domiciles habituels des captives - le Luxembourg et l'Irlande \u00e9tant en t\u00eate de liste - que dans les grandes \u00e9conomies europ\u00e9ennes qui cherchent \u00e0 renforcer leur attractivit\u00e9 pour le d\u00e9veloppement des captives de leurs leaders industriels.<\/p>\n<p>En 2023, la France a adopt\u00e9 un nouveau r\u00e9gime fiscal align\u00e9 sur celui du Luxembourg, ce qui a conduit \u00e0 la cr\u00e9ation d'une douzaine de captives cette ann\u00e9e-l\u00e0. L'Italie et le Royaume-Uni \u00e9valuent des voies similaires. Au niveau europ\u00e9en, le plan de r\u00e9vision de Solvabilit\u00e9 II annonc\u00e9 en mai 2024 propose d'assouplir les r\u00e8gles r\u00e9glementaires applicables aux captives.<\/p>\n<p>Le contexte est donc favorable \u00e0 l'auto-assurance. Mais \u00e0 quelles conditions les captives deviennent-elles des alternatives viables au march\u00e9 traditionnel de l'assurance ?<\/p>\n<p><strong>1. LES CAPTIVES, UNE ALTERNATIVE MATURE \u00c0 L'OFFRE D'ASSURANCE TRADITIONNELLE<\/strong><\/p>\n<p><strong>1.a - Assurance, r\u00e9assurance : comment fonctionne une captive ?<\/strong><\/p>\n<p>Les captives reposent sur le principe de l'auto-assurance, ce qui permet de prendre le contr\u00f4le de la gestion des risques et de cr\u00e9er une couverture sur mesure. On peut faire la distinction entre :<\/p>\n<ul>\n<li>la captive d'assurance, qui a pour objet d'assurer tout ou partie des risques encourus par une entreprise en interne. Ces captives fonctionnent comme des assureurs \"traditionnels\", \u00e9mettant des polices, percevant des primes et versant directement des indemnit\u00e9s en cas d'incident ;<\/li>\n<li>la captive de r\u00e9assurance, qui ne supporte que la composante financi\u00e8re du risque.<\/li>\n<\/ul>\n<p>L'activit\u00e9 est couverte par un assureur traditionnel, qui \u00e9met et g\u00e8re la police, puis transf\u00e8re tout ou partie du risque financier \u00e0 la captive de r\u00e9assurance.<\/p>\n<p style=\"text-align: center;\"><strong>Sch\u00e9ma fonctionnel des captives d'assurance et de r\u00e9assurance<\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-48846 size-full\" src=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide1.png\" alt=\"\" width=\"1040\" height=\"494\" srcset=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide1.png 1040w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide1-300x143.png 300w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide1-1024x486.png 1024w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide1-768x365.png 768w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide1-18x9.png 18w\" sizes=\"(max-width: 1040px) 100vw, 1040px\" \/><\/p>\n<p><strong>1.b - Quels sont les avantages de la cr\u00e9ation d'une captive ?<\/strong><\/p>\n<p>Une entreprise peut avoir int\u00e9r\u00eat \u00e0 cr\u00e9er son propre v\u00e9hicule d'assurance lorsqu'elle a besoin d'un v\u00e9hicule d'assurance :<\/p>\n<ul>\n<li>l'entreprise pr\u00e9voit de pouvoir r\u00e9duire son co\u00fbt du risque en l'internalisant par une politique approfondie de gestion des risques (\u00e9valuation et pr\u00e9vention) ;<\/li>\n<li>l'entreprise a connu une sinistralit\u00e9 favorable et souhaite r\u00e9investir les exc\u00e9dents de primes d'une ann\u00e9e sur l'autre (r\u00e9duction des franchises, provisionnement en pr\u00e9vision de sinistres) ;<\/li>\n<li>l'offre du march\u00e9 ne r\u00e9pond pas \u00e0 ses besoins :\n<ul>\n<li>les risques sont hors de port\u00e9e des assureurs traditionnels, ce qui se traduit par des tarifs excessivement \u00e9lev\u00e9s ou une couverture inad\u00e9quate ;<\/li>\n<li>les risques sont relativement nouveaux, peu ou pas couverts par le march\u00e9 (cyber, environnement, image de marque).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>En fonction du lieu, une captive peut \u00e9galement pr\u00e9senter des avantages fiscaux.<\/p>\n<p><strong>1.c - Quels sont les pr\u00e9requis pour cr\u00e9er un captif ?<\/strong><\/p>\n<p>Pour obtenir l'autorisation du r\u00e9gulateur, le projet captif doit prouver qu'il a.. :<\/p>\n<ul>\n<li>mis en place une gouvernance appropri\u00e9e, compos\u00e9e de quatre fonctions cl\u00e9s de l'assurance : l'audit interne, la gestion des risques, les services actuariels et la conformit\u00e9 - qui peuvent \u00eatre combin\u00e9es et externalis\u00e9es sous certaines conditions ;<\/li>\n<li>le capital de solvabilit\u00e9, avec des montants minimums fix\u00e9s \u00e0 2,7 millions d'euros pour les captives d'assurance et \u00e0 1,3 million d'euros pour la r\u00e9assurance ;<\/li>\n<li>a respect\u00e9 les exigences comptables et r\u00e9glementaires (par exemple en mati\u00e8re de solvabilit\u00e9).<\/li>\n<\/ul>\n<p><strong>2 - QUEL EST L'ETAT ACTUEL DU PAYSAGE EUROPEEN DES CAPTIVES ?<\/strong><\/p>\n<p><strong>2.a - Les captifs sont de taille tr\u00e8s variable et sont actuellement concentr\u00e9s au Luxembourg et en Irlande.<\/strong><\/p>\n<p>Les captives europ\u00e9ennes avaient un volume moyen de primes brutes de 11,2 millions d'euros en 2022. Leur taille varie consid\u00e9rablement : les plus petites collectent des primes de quelques centaines de milliers d'euros, les plus grandes des centaines de millions d'euros. Les captives sont donc des v\u00e9hicules appropri\u00e9s pour toutes les tailles d'entreprises.<\/p>\n<p style=\"text-align: center;\"><strong>Captives par volume de primes collect\u00e9es en 2022 (en millions d'euros)<\/strong><img decoding=\"async\" class=\"aligncenter wp-image-48837 size-full\" src=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide2.png\" alt=\"\" width=\"1040\" height=\"444\" srcset=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide2.png 1040w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide2-300x128.png 300w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide2-1024x437.png 1024w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide2-768x328.png 768w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide2-18x8.png 18w\" sizes=\"(max-width: 1040px) 100vw, 1040px\" \/><\/p>\n<p style=\"text-align: center;\"><em>Source : rapport SCOR sur les captives d'assurance et de r\u00e9assurance dans l'EEE : Rapport SCOR sur les captives d'assurance et de r\u00e9assurance dans l'EEE, nov. 2023<\/em><\/p>\n<p>En 2022, le Luxembourg et l'Irlande repr\u00e9sentaient 80% des captives europ\u00e9ennes, et 67% des primes brutes collect\u00e9es. Le Luxembourg attire les entreprises fran\u00e7aises, qui y ont enregistr\u00e9 76% de leurs captives (ainsi que 100% de captives belges et 78% de captives espagnoles).<\/p>\n<p style=\"text-align: center;\"><strong>R\u00e9partition des captives par pays europ\u00e9en en 2022 (%)<\/strong><\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" class=\"alignnone wp-image-48838 size-full\" src=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide3.png\" alt=\"\" width=\"1040\" height=\"430\" srcset=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide3.png 1040w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide3-300x124.png 300w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide3-1024x423.png 1024w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide3-768x318.png 768w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide3-18x7.png 18w\" sizes=\"(max-width: 1040px) 100vw, 1040px\" \/><\/p>\n<p>Cette situation pourrait changer en raison de l'\u00e9volution du cadre fiscal en France et des projets en cours en Italie et au Royaume-Uni.<\/p>\n<p><strong>2b - Tous les secteurs de l'\u00e9conomie utilisent les captives, principalement pour les risques non-vie<\/strong><\/p>\n<p>Les captives sont pr\u00e9sentes dans tous les secteurs d'activit\u00e9 \u00e9conomique, avec un volume de primes plus \u00e9lev\u00e9 parmi les acteurs des \"grands\" risques industriels (automobile, chimie, \u00e9nergie, infrastructure).<\/p>\n<p style=\"text-align: center;\"><strong>R\u00e9partition des primes brutes des captives par secteur d'activit\u00e9 en 2022 (en millions d'euros)<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-48839 size-full\" src=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide4.png\" alt=\"\" width=\"1040\" height=\"496\" srcset=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide4.png 1040w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide4-300x143.png 300w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide4-1024x488.png 1024w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide4-768x366.png 768w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide4-18x9.png 18w\" sizes=\"(max-width: 1040px) 100vw, 1040px\" \/><\/p>\n<p>Les soci\u00e9t\u00e9s captives souscrivent principalement des assurances de dommages aux biens et de responsabilit\u00e9 civile.<\/p>\n<p style=\"text-align: center;\"><strong>Primes brutes collect\u00e9es par les captives, par type de risque, en 2022 (%)<\/strong><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-48840 size-full\" src=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide5.png\" alt=\"\" width=\"1040\" height=\"440\" srcset=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide5.png 1040w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide5-300x127.png 300w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide5-1024x433.png 1024w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide5-768x325.png 768w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide5-18x8.png 18w\" sizes=\"(max-width: 1040px) 100vw, 1040px\" \/><\/p>\n<p>La r\u00e9assurance constitue la majeure partie de l'activit\u00e9 des captives et repr\u00e9sentait les deux tiers des primes en 2022.<\/p>\n<p style=\"text-align: center;\"><strong>R\u00e9partition des primes brutes d'assurance et de r\u00e9assurance des captives en 2022 (en millions d'euros)<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-48841 size-full\" src=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide6.png\" alt=\"\" width=\"1040\" height=\"486\" srcset=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide6.png 1040w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide6-300x140.png 300w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide6-1024x479.png 1024w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide6-768x359.png 768w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide6-18x8.png 18w\" sizes=\"(max-width: 1040px) 100vw, 1040px\" \/><\/p>\n<p><strong>2.c - Les captives en France : un nouveau cadre fiscal et une attractivit\u00e9 renouvel\u00e9e<\/strong><\/p>\n<p>En 2024, on compte environ 200 captives d\u00e9tenues par des groupes fran\u00e7ais, et 80% des entreprises du CAC40 en ont cr\u00e9\u00e9 une. Cependant, seules 25 sont immatricul\u00e9es en France et agr\u00e9\u00e9es par l'ACPR - dont huit cr\u00e9\u00e9es depuis la r\u00e9forme de 2023 et cinq en attente d'agr\u00e9ment :<img loading=\"lazy\" decoding=\"async\" class=\"wp-image-48842 size-full aligncenter\" src=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide7.png\" alt=\"\" width=\"1040\" height=\"504\" srcset=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide7.png 1040w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide7-300x145.png 300w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide7-1024x496.png 1024w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide7-768x372.png 768w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide7-18x9.png 18w\" sizes=\"(max-width: 1040px) 100vw, 1040px\" \/><\/p>\n<p>Ce r\u00e9cent regain d'attractivit\u00e9 est d\u00fb \u00e0 l'\u00e9volution du cadre fiscal fran\u00e7ais en 2023. Adapt\u00e9 au syst\u00e8me luxembourgeois, il permet aux captives de r\u00e9assurance de constituer une \"provision pour r\u00e9silience\" exon\u00e9r\u00e9e d'imp\u00f4t.<br \/>\nLes captives de r\u00e9assurance \u00e9tablies en France peuvent d\u00e9sormais capitaliser les b\u00e9n\u00e9fices r\u00e9alis\u00e9s au cours d'un exercice ant\u00e9rieur pour couvrir les risques survenant au cours d'un exercice ult\u00e9rieur.1 Cela signifie que le risque est r\u00e9parti dans le temps. La mesure permet \u00e9galement de mutualiser la provision pour diff\u00e9rents types de risques.<\/p>\n<p><strong>L'impact attendu : rapatriement d'activit\u00e9s et cr\u00e9ation de nouvelles captives de r\u00e9assurance<\/strong><\/p>\n<p>La captive de r\u00e9assurance per\u00e7oit des primes pour chaque p\u00e9riode d'assurance :<\/p>\n<ul>\n<li>\u00c0 la fin de l'exercice, jusqu'\u00e0 90% des b\u00e9n\u00e9fices techniques (c'est-\u00e0-dire les primes moins le co\u00fbt des sinistres) peuvent \u00eatre affect\u00e9s \u00e0 la provision pour r\u00e9silience - un calcul avantageux lorsque les sinistres sont peu nombreux.<\/li>\n<li>Le total est limit\u00e9 \u00e0 10 fois le montant moyen du capital minimum requis au cours des trois derni\u00e8res ann\u00e9es (c'est-\u00e0-dire la capitalisation de la captive, fonction lin\u00e9aire de l'\u00e9quilibre entre les primes et le volume des risques souscrits).<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-48843 size-full\" src=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide8.png\" alt=\"\" width=\"1040\" height=\"196\" srcset=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide8.png 1040w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide8-300x57.png 300w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide8-1024x193.png 1024w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide8-768x145.png 768w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide8-18x3.png 18w\" sizes=\"(max-width: 1040px) 100vw, 1040px\" \/><\/p>\n<p style=\"text-align: center;\"><em>Sources : PWC, SII<\/em><\/p>\n<p><strong>2.d - L'\u00e9mergence de nouvelles solutions de mutualisation des risques entre entreprises<\/strong><\/p>\n<p>Dans certains secteurs d'activit\u00e9, les entreprises peinent \u00e0 trouver des assureurs dispos\u00e9s \u00e0 souscrire leurs risques (par exemple, dans l'industrie du bois et le secteur du traitement des d\u00e9chets). Les captives permettent de cr\u00e9er des capacit\u00e9s l\u00e0 o\u00f9 elles font d\u00e9faut : plusieurs entreprises peuvent s'associer pour mettre en commun leurs risques et cr\u00e9er une captive de groupe ou \"captive mutualis\u00e9e\".<\/p>\n<p>Un exemple est la captive Miris d\u00e9di\u00e9e au cyber-risque, qui regroupe 12 industriels europ\u00e9ens (dont Airbus, Veolia et BASF) et qui est bas\u00e9e en Belgique.<\/p>\n<p><strong>3. COMMENT CHOISIR ENTRE UNE CAPTIVE D'ASSURANCE OU DE R\u00c9ASSURANCE ?<\/strong><\/p>\n<p><strong>3.a - Les principales diff\u00e9rences entre les captives d'assurance et de r\u00e9assurance<\/strong><\/p>\n<p>Le compromis entre les captives d'assurance et de r\u00e9assurance se situe souvent entre le co\u00fbt, la facilit\u00e9 de mise en \u0153uvre et de gestion, d'une part, et la n\u00e9cessit\u00e9 d'une grande flexibilit\u00e9 des produits, d'autre part.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-48844 size-full\" src=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide9.png\" alt=\"\" width=\"1040\" height=\"472\" srcset=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide9.png 1040w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide9-300x136.png 300w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide9-1024x465.png 1024w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide9-768x349.png 768w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide9-18x8.png 18w\" sizes=\"(max-width: 1040px) 100vw, 1040px\" \/><\/p>\n<p>En r\u00e9sum\u00e9, une captive de r\u00e9assurance offre une structure plus l\u00e9g\u00e8re mais ne r\u00e9pond pas aux probl\u00e8mes de couverture des risques de l'entreprise de mani\u00e8re aussi approfondie qu'une captive d'assurance :<\/p>\n<p style=\"text-align: center;\"><strong>Positionnement de la valeur des captives d'assurance et de r\u00e9assurance<\/strong><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-48845 size-full\" src=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide10.png\" alt=\"\" width=\"1040\" height=\"498\" srcset=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide10.png 1040w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide10-300x144.png 300w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide10-1024x490.png 1024w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide10-768x368.png 768w, https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Slide10-18x9.png 18w\" sizes=\"(max-width: 1040px) 100vw, 1040px\" \/><\/p>\n<p><strong>3.b - R\u00e9aliser une \u00e9tude compl\u00e8te des risques et des co\u00fbts li\u00e9s \u00e0 la cr\u00e9ation d'une captive<\/strong><\/p>\n<p>La cr\u00e9ation d'une captive doit s'accompagner d'une \u00e9tude strat\u00e9gique initiale qui examine les points suivants :<\/p>\n<ul>\n<li>La strat\u00e9gie \u00e0 long terme dans la gestion des risques :\n<ul>\n<li>\u00c9valuer les risques pouvant \u00eatre transf\u00e9r\u00e9s \u00e0 la captive (c'est-\u00e0-dire les risques suffisamment s\u00fbrs pour \u00eatre port\u00e9s par la captive).<br \/>\nind\u00e9pendamment) en analysant l'historique des revendications<\/li>\n<li>D\u00e9finir la strat\u00e9gie de r\u00e9tention des primes - et toute protection suppl\u00e9mentaire par le biais de la r\u00e9assurance<\/li>\n<\/ul>\n<\/li>\n<li>La justification de la tarification au sein de la captive, sur la base d'\u00e9valuations actuarielles pour d\u00e9terminer le niveau de la prime<\/li>\n<li>Les co\u00fbts de mise en \u0153uvre de la captive (\u00e9quipes, outils informatiques, conformit\u00e9, etc.)<\/li>\n<li>Structuration juridique possible, ainsi qu'un examen des cadres fiscaux afin d'identifier la structure la plus appropri\u00e9e.<br \/>\nla situation g\u00e9ographique<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>CONCLUSION : 2024 EST-ELLE L'ANN\u00c9E O\u00d9 MON ENTREPRISE CR\u00c9ERA SA CAPTIVE ?<\/strong><\/p>\n<p>Les changements r\u00e9cents dans le cadre fiscal et r\u00e9glementaire fran\u00e7ais offrent une nouvelle perspective aux entreprises fran\u00e7aises qui cherchent des alternatives aux assureurs traditionnels.<\/p>\n<p>Les captives apparaissent comme des solutions pour ma\u00eetriser les co\u00fbts et les couvertures, dans un contexte de hausse des primes et d'\u00e9mergence de nouveaux risques.<\/p>\n<p>La d\u00e9cision de cr\u00e9er une captive doit s'accompagner d'une r\u00e9flexion strat\u00e9gique approfondie afin d'\u00e9valuer les besoins de l'entreprise en mati\u00e8re de gestion des risques, sa capacit\u00e9 \u00e0 d\u00e9velopper cette fonction et sa tol\u00e9rance \u00e0 l'\u00e9gard des co\u00fbts initiaux et des besoins en capitaux.<\/p>\n<p>Selon la <em>Association pour le Management des Risques et des Assurances de l'Entreprise (AMRAE)<\/em>En 2024, pas moins d'une cinquantaine d'entreprises \u00e9tudient la possibilit\u00e9 de cr\u00e9er une captive d'assurance. Ce mouvement pourrait bien repr\u00e9senter une \u00e9volution tranquille dans la mani\u00e8re dont les entreprises g\u00e8rent leurs risques, ouvrant la voie \u00e0 une gestion plus proactive et adapt\u00e9e aux d\u00e9fis contemporains.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2024\/10\/Accuracy-Talks-Straight-October-2024.pdf\">T\u00e9l\u00e9charger le PDF &gt;<\/a><\/p>\n<hr \/>\n<p><strong>Alix Dupuy - Directeur, Accuracy \/ Germain Gramaize - Associ\u00e9 principal, Accuracy\u00a0<\/strong><br \/>\n<em>Accuracy Talks Straight #11 - L'industrie en bref<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>INTRODUCTION Against a backdrop of an uncertain inflationary market, marked by the emergence of new risks, alternative solutions to traditional insurers are gaining traction. These include captives: self-insurance vehicles created by businesses to cover their own risks without resorting to an insurer or reinsurer \u2013 a solution that is today favoured by a growing number [&hellip;]<\/p>\n","protected":false},"author":58,"featured_media":49582,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[212,233,265],"tags":[344],"class_list":["post-48802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-article","category-financial-services-banking-insurance-analysis","tag-accuracy-talks-straight-11"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Self-insurance, an ever more widespread strategy in the European market - Accuracy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.accuracy.com\/fr\/lauto-assurance-une-strategie-de-plus-en-plus-repandue-sur-le-marche-europeen\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Self-insurance, an ever more widespread strategy in the European market\" \/>\n<meta property=\"og:description\" content=\"INTRODUCTION Against a backdrop of an uncertain inflationary market, marked by the emergence of new risks, alternative solutions to traditional insurers are gaining traction. 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