France to allow post office to sell insurance
France is set to authorise post office operator La Poste to sell property insurance through its banking subsidiary, Banque Postale, Economy Minister Christine Lagarde said on Monday.
“I am authorising the post office to set up insurance mechanisms, insurance services which will allow all of us to insure our car or our house with the post office,” she told France 3 television in an interview.
The authorisation comes as the government prepares to end the monopoly held by the post office and savings banks on so-called Livret A accounts, one of France’s most popular savings products.
France is set to authorise post office operator La Poste to sell property insurance through its banking subsidiary, Banque Postale, Economy Minister Christine Lagarde said on Monday.
“I am authorising the post office to set up insurance mechanisms, insurance services which will allow all of us to insure our car or our house with the post office,” she told France 3 television in an interview.
The authorisation comes as the government prepares to end the monopoly held by the post office and savings banks on so-called Livret A accounts, one of France’s most popular savings products.
