CNP Assurances Logo – Founded in 1959, CNP Assurances is a company of insurance people in France. She is leading sectors of the life insurance and creditor insurance in France, and is the 6 th European insurer in 2010. By the privatization law of July 1992 and the ownership structure, CNP is a public sector company. Since its IPO in 1998, CNP Assurances relies on a stable ownership, by the signing of a pact between its main shareholders: The Caisse des Depots (which is owned 40%), La Banque Postale and BPCE grouped within the holding Sopassure, and the state.
The origin of CNP Assurances since the mid nineteenth century with the creation of three funds in the Caisse des Depots : the National Insurance Fund in case of death (1848), the Pension Fund for old age (1850) and National Insurance for accidents (1868). CNP Assurances has been there more than one hundred fifty years, a pioneer of life insurance in France. The first two cases come together in 1949 and formed the National Insurance on the life, which merges itself 10 years later with the insurance fund in case of accident to give birth to the National Provident Fund in in 1959. In 1992, the NPC becomes a corporation and changed its name. It is now called CNP Assurances and an IPO in 1998.