Axa head warns on insurance limits

Thomas Buberl, head of Axa, warned that insurers may not be able to compensate victims of urban violence if such events happen repeatedly. He spoke on BFM Business during the "dialogues of the economy" discussion.

Insurance coverage under pressure

Buberl explained that while insurance can cover damages from isolated incidents, repeated violence could strain insurers’ ability to provide coverage. He said the financial burden could become unsustainable if such events become frequent.

Call for government action

Buberl emphasized that the State must take its responsibility for internal security seriously to prevent future violence. He argued that without government intervention, the situation could worsen and lead to more damage.

Financial capacity but need for prevention

Although insurers are financially capable of maintaining coverage in the long term, Buberl stressed the importance of preventing violence to avoid long-term risks. He noted that legal action against the State is possible but not the goal, as all parties aim to prevent such events from recurring.

Estimated cost and insurer response

The violence over October 17 and 18 could cost several hundred million euros, prompting French insurers to mobilize. France Assureurs, a professional federation, announced exceptional measures to support victims, including extended deadlines for claims and faster compensation.

Measures inspired by past events

The measures announced by France Assureurs are similar to those introduced in the summer of 2023 after the death of Nahel, showing a pattern of response to large-scale unrest.