The insurance policy’s purpose, centrally managed within the Insurance Department, is to provide the best coverage for the Groupe's people and assets by achieving the right balance between local and corporate insurance coverage.
By implementing a two‑tier insurance coverage (local and centralized), the Groupe strives to ensure complementarity of guarantees and thus better risk management across all the countries in which Publicis is present.
On a local level, mainly through the Re:Sources shared service centers, entities must purchase general liability, property damage and business interruption, automobile and employer’s liability insurance policies, as well as health and life insurance coverage for local employees. This insurance is taken out in compliance with the local regulations.
The only exception is the European zone: using the free provision of services framework in Europe, the Groupe has taken out a property damage and business interruption insurance policy and a general liability insurance policy which is available to all European subsidiaries.
At Groupe level, insurance programs have been implemented with leading insurance companies with the aim of automatically covering all subsidiaries against the financial consequences of risks such as, but not limited to:
In addition, the Groupe negotiates and sets up specific coverage that subsidiaries may subscribe to depending on their business needs, such as credit insurance, health and life insurance for expatriates and specific insurances for film and TV shoots.
The insurance policies are regularly reviewed to customize the coverage to any changes in our activity and, in particular, new digital services: the Groupe focuses particularly on this risk and its cyber‑risk insurance coverage.
The amount of coverage is considered to be consistent with identified risk levels and with market practices.
In light of the Groupe’s significant Mergers and Acquisitions activity, the Insurance Department also oversees the integration of acquired entities within the Groupe’s program.
In June 2022, the Groupe set up Publicis Ré SA, a captive reinsurance Company within the meaning of article L.310‑1‑1 of the French Insurance Code. Publicis Ré is a wholly‑owned French subsidiary dedicated to the reinsurance of the Groupe’s risks. It was approved on October 10, 2022 by the French Prudential Supervision and Resolution Authority (ACPR) to operate as a non‑life reinsurer.
This reinsurance captive was created to facilitate the coverage of cybersecurity risks and professional liability in an increasingly tight insurance market context.
