The Vyv group and Wakam selected by the city of Paris

Aerial view of the city of Paris (Photo by Alexander Kagan on Unsplash)

The Vyv group and Wakam have been selected by the city of Paris to offer multi-risk home insurance to low-income tenants.

The city of Paris has organized a call for expressions of interest in order to allow modest Parisian tenants access to affordable home insurance. The Vyv Group’s proposal in partnership with Wakam won the competition.

The Vyv group, through its subsidiary Vyv Conseil, an expert in property damage insurance, manages the contracts and the sales system, while Wakam is the risk bearer. This collaboration between one of the main health mutual players and a BtoBtoC insurer is a first.

The Vyv group, which has strong ambitions to diversify into P&C, has made use of the expertise of Arcade-Vyv, a player in the social housing market, in order to offer assistance services in the event of a claim, such as relocation.

For Wakam, which has become a company with a mission, this HRM offer responds to a desire to develop inclusive insurance. Indeed, the home insurance retained by the city of Paris offers the same rate in all the Parisian districts with a deductible of 120 euros. The price varies according to the number of rooms in the accommodation.

Furthermore, product distribution is multi-channel (physical, telephone or online), the contractual documents are “ written in plain language for better understanding “, Says a press release. Among the services, Vyv and Wakam undertake to send the insurance certificate to the lessor of the tenant. Finally, insurers provide the tenant with a digital storage space to store invoices, documents and photos.

Eligibility criteria

The offer is aimed at Parisians with an income of less than 2,000 euros net per month for a single person, 3,300 euros for a couple, 4,300 euros for a family with two children. The price of insurance is around 130 euros per year for a studio and 194 euros for a three-room apartment, details the Sunday newspaper.

Our partnership model makes it possible to combine the best expertise in the construction of our P&C offers in order to provide united and innovative responses that meet everyone’s needs. “says Benjamin Haddad, Director of P&C and Banking Solutions at Groupe VYV.

In accordance with its mission commitments, Wakam has chosen to respond to the call for expressions of interest by working at cost price and without profit margin. adds Timothée Bouteloup, director of inclusive insurance at Wakam.

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