AERAS agreement
The 'insuring and borrowing with an aggravated health risk' scheme that eases access to borrower insurance, and therefore to credit, for people with a health risk. It organizes an enhanced review of declined files and frames surcharges. Combined with the right to be forgotten, it widens access to home ownership.
Key points
- Facilitates access to borrower insurance for people with an aggravated health risk.
- Provides for a three-level enhanced review for files declined under standard pricing.
- Frames the surcharges and guarantee exclusions applicable to these profiles.
- The right to be forgotten, linked to the agreement, allows former patients to omit certain conditions.
Frequently asked questions
How does the AERAS enhanced review process work?
When an insurer refuses to cover a profile under standard pricing, the AERAS agreement requires the file to be submitted to two additional levels of medical and technical expertise, which may offer coverage with a surcharge or partial exclusion. Only after the failure of these three consecutive levels is the refusal final. A broker accompanying an affected client must ensure the insurer has properly followed this mandatory process.
What is the difference between the AERAS agreement and the right to be forgotten?
The AERAS agreement is a comprehensive scheme organizing access to insurance for all aggravated health risks, including active chronic diseases. The right to be forgotten is a complementary mechanism that allows certain recovered individuals, after a variable period depending on the condition, to omit their former illness from the health questionnaire, as if it had never existed. The two are cumulative and were reinforced by the Lemoine law.
How can a broker use the AERAS agreement to advocate for their client?
The broker can first verify that the insurer has properly submitted the file to the mandatory review levels rather than issuing an immediate refusal. They can then put several insurers specializing in aggravated risks in competition, some of whom offer more favorable pricing grids. Finally, they can draw on the agreement's grids to challenge a surcharge deemed excessive against the reference scales.
In practice
A client in remission from cancer for four years is offered a significant surcharge by the bank's insurer. The broker explains the AERAS agreement, requests the enhanced review from two alternative insurers, and ultimately obtains coverage at a reasonable rate from an insurer specializing in delegation.
Put it into practice with CourtImmo
See how CourtImmo software helps brokers on this topic:
Official sources
- What is the Aeras convention for? · Service-Public.gouv.fr
- AERAS convention (official site) · AERAS
- Borrower insurance for a mortgage · Service-Public.gouv.fr