Casino chooses Groupama to develop non-life insurance products in France

In France, Banque Casino, a banking subsidiary of the Casino group, has selected Groupama to partner its range of non-life insurance policies.

Having swiftly developed a range of consumer-lending solutions, Banque Casino is pursuing a growth strategy that runs the gamut of basic needs in payment, credit, provident savings and insurance.

Banque Casino currently offers payment and credit solutions, life insurance and health insurance. The partnership with Groupama—drawing on the industry expertise of its subsidiary Amaline Assurances—will allow Banque Casino to extend its range of non-life insurance (fire, accident and risk) policies to span both “classic” insurance (motor insurance, multi-risk home insurance and personal accident insurance) and more basic “pocket” insurance packages, such as travel insurance. The new range of insurance policies is scheduled for release by the end of the first six months of 2010.

Catherine Vidal, Managing Director of Banque Casino: “The ability to offer insurance policies is a cornerstone of our strategy. Through the partnership with Groupama, Banque Casino will be in a position to provide customers with a comprehensive offering tailored to their needs.”

Thierry Martel, Managing Director of Groupama Insurance and Banking in France: “The partnership with Casino marks the beginning of a new approach in insurance through mass retail and reflects Groupama’s drive to pursue a strategy underpinned by partnerships and innovation.”