Nexity launches into life insurance

“By entrusting the creation and management of a new life insurance contract to Suravenir, Nexity wishes to diversify and make its real estate offering more accessible by offering all of its clients and prospects a life insurance offering,” indicate Nexity and the Crédit Mutuel Arkéa group subsidiary in a joint press release.

Life insurance is the leading savings product for the French, with more than 1.900 billion euros in assets.

“Working around these financial products with a real estate underlying is extremely important, because it allows us to offer our clients the opportunity to invest in real estate differently,” the deputy general manager of Nexity explained to the press, Fabrice Aubert.

"For us, it's doubly important, firstly because we think it's really a product we need now, and also because in doing so, we're laying an infrastructure to then distribute and create new products real estate-oriented financial institutions,” he added.

Investors will be able to subscribe to a contract only online, from 100 euros invested, according to the two groups.

Nexity has set itself a collection objective of 80 to 100 million euros "at cruising speed", i.e. within "18-24 months", declared the director of new investment products at Nexity, Olivier Pottier.

Nexity, whose core business, real estate development, is suffering from the construction crisis, wants to diversify by transforming itself into a "global real estate operator" present in all real estate professions and with all types of clients.