Today overhead is progressing faster than contributions

The SGAM is based on financial solidarity links "significant and lasting" between the Maif, Macif the and the AISAM. The situation of one of mutual the required

This approximation is not made under duress. Objectively, the three mutual are solid. None of the three did need relief. None has alarming signals. It is the preventive, and not the cure. In the minds of some, the AISAM is the most fragile, but when looking good figures, the Macif has the rate of margin of solvency the lesser of we three, without this being worrying so far. Before us, we went very far in the analysis to ensure that none is returned in the system to take advantage of at the outset of financial solidarity. It really took to undress before others! Financial solidarity at two levels in the SGAM gives rights but also duties. It is designed to be exercised if all other options are exhausted and, honestly, this is a hypothesis that it is hoped not to have to be implemented.

For future opening of the SGAM for a new partner, would the same conditions apply them

Current conditions are defined for a function to three. Unless the new entrant is as big as we, there is much to review. The arrival of other members, specialized as in damage insurance, but smaller, or operating area where the concept of credit does not have the same meaning, in health, we would at least to review the conditions of financial solidarity.

Do you have specific objectives in the reduction of costs

In each mutual control of overhead is a major challenge, especially in an environment of slow growth and bearish tariff cycle. Today, overhead is progressing faster than contributions. This may not last very long. We have earnings to internally reviewing our organizations and improving productivity. But we also expect this approximation of external earnings: the weight of the SGAM will allow us to make savings, including procurement.

When will the full effect of the approximation be measured

No action is likely to cause a dramatic effect in the short term. It is not of the push-button! We have an idea to what we want to tender, but it is not possible to reveal it to this stage. Between the effects of advertisement and economic achievements, it will be a little time.

Among the seven identified cooperation projects, what are those that are a priority

For services to the person, there is urgency. With the Macif, banks Epargne and the MGEN, we are shareholders of Serena, whose economic model should be reviewed. To date, four shareholders remain solidarity and seek solutions safeguarding employment and the maintenance of the activity. The AISAM and the Macif for their part are shareholders of France home, who is also in trouble. We must therefore look if a reconstruction of the landscape would be unnecessary, with IMA, the mutual assisteur, which also provides services to the person.

Do you plan to leave the Treaty Reinsurance Group (Gema) insurance mutual companies

The subject of reinsurance is to study in the SGAM, but we do not intend substitute us the Gema on the subject. The creation of the SGAM will lead to some changes on the levels of protection, because Sferen may enable us to keep more serious risks. But we are respectful of the solidarity that exists between the members and allowing small mutuals in the Gema to take advantage of more attractive conditions of reinsurance.

What is the profile of the future Chief of Sferen

It is an attractive position for someone who would want to build from a white sheet. It requires creativity, entrepreneurial spirit and an ability to federate the energies. We do not seek a policy, but a project management professional. The future Director General, which will force it to abandon any function in the company whose it is, must nevertheless respect the identity and mutual sovereignty. If it has these qualities, that he comes from one of three mutual or externally is indifferent.