The Autorité issues a favourable opinion, subject to several reservations, on the operating procedures of the “France Agriclimat” economic interest group

The Autorité de la concurrence was consulted by the French Minister of Economy, Finance and Industrial and Digital Sovereignty regarding the creation of a mutual reinsurance group for agricultural climate risks, the EIG "France Agriclimat".

Under the law,  the approval of the agreement establishing such a group can only granted once the Autorité has issued its opinion and, in particular, "if the Autorité's opinion is favourable or, failing that, if the agreement has been amended in response to the reservations expressed by the Autorité".

France Agriclimat is a mutual reinsurance group with compulsory membership for all insurers distributing subsidised multi-risk climate crop insurance products. Its two missions are, first, to pool 65% of insured risks and, second, to manage and reprocess claims data.

The Autorité has today issued a favourable opinion, subject to several reservations, notably concerning group membership and operation conditions and the procedures for exchanging information within the group.