Autorité de contrôle prudentiel et de résolution (ACPR)

The Autorité de contrôle prudentiel et de résolution (ACPR) is the French Prudential Supervision and Resolution Authority, responsible for overseeing banks and insurance companies operating in France. Its primary role is to ensure the stability of the financial system and protect consumers. The ACPR is currently newsworthy due to its recent findings of deficiencies in the reimbursement practices of the insurance company Just. The ACPR discovered that Just was not automatically processing teletransmitted requests and was delaying or denying reimbursements, prompting the authority to urge current and former policyholders to review their claims. This intervention highlights the ACPR's role in enforcing regulatory compliance and safeguarding the interests of insured individuals, underscoring its significance in maintaining a fair and reliable insurance market.