Dallas, Texas 09/27/2013 (Financialstrend) – CNP ASSURANCES SA (OTCMKTS:CNPAY) is a personal insurance provider based in France. The product portfolio of the company mainly consists of risk and contingency products, pension products and savings products. CNP Assurances provides a wide range of products and services in individual as well as group insurance sectors. The company functions through different subsidiaries including CNP IAM, CNP Vida, CNP Internationsl, CAIXA Seguros and others. CNP Assurances SA also provides a variety of services for the disabled and elderly people through Age d’Or Expansion and Filassistance International. Headquartered in France, the branches of CNP are present in Argentina, Portugal and Spain. The company was 40% held by Caisse des depots et consignations as of December 31, 2011.
CNP Assurances has a number of major partners in France and its strategy is based on this partnership with the chief institutions. All the alliances formed by CNP Assurances are intended to combine CNP’s proficiency with the distribution abilities of its associates. In individual insurance, CNP mainly distributes its products and services through Savings Bank networks and Post Offices which represent a total of 22,000 outlets. CNP Tresor is the financial advisor network for CNP Assurances since 2004.
In group insurance, CNP SA is a partner to more than 200 financial institutions. It serves a large number of mutual insurance companies, 20,000 hospitals and local authorities and 4,500 companies and several associations.
In the International market, CNP is following a growth strategy that chiefly focuses on exporting the leading edge competence through the different acquisitions and partnerships. The company largely contributes its experience in personal insurance, bank assurance to all its international partners. In the field of sustainable development, CNP acts as a responsible corporate citizen by heavily contributing in the social and environmental protection. As an investor, CNP Assurances implements the asset management strategies that include both performance and security.
