France: Life or Non-Life insurance Key Trends and Opportunities to 2018, Global Industry Analysis

The report provides in depth market analysis, information and insights into the French Life or non-Life insurance segment, including:

• The French Life or non-Life insurance segment’s growth prospects by Life or non-Life insurance categories
• Key trends and drivers for the Life or non-Life insurance segment
• The various distribution channels in the French Life or non-Life insurance segment
• The detailed competitive landscape in the Life or non-Life insurance segment in France
• Detailed regulatory policies of the French insurance industry
• A description of the Life or non-Life reinsurance segment in France

Life Insurance in France, Key Trends and Opportunities to 2018, Global Industry Analysis, Size, Share, Growth, Trends And Forecast

France has a highly developed and mature life insurance segment; in terms of gross written premium it is the second-largest in Europe in 2012, after the UK. The segment accounted for 60.7% of the French insurance industry’s gross written premium in 2013. Turbulent financial and economic conditions adversely affected the segment’s performance during the review period, as the volatile financial market and sluggish economic growth created a poor investment environment. Moreover, low interest rates made French consumers reluctant to invest in long-term life insurance saving products, leading the segment to post a review-period CAGR of -2.0%.

Non-Life Insurance in France, Key Trends and Opportunities to 2018, Global Industry Analysis, Size, Share, Growth, Trends And Forecast

The French economy was negatively affected by unfavorable economic conditions in 2008, due to that year’s global financial crisis. Despite this, the non-life segment continued to post a compound annual growth rate (CAGR) of 2.3% during the review period (2009−2013). This was mainly supported by growth in the property and motor insurance categories, which grew at review-period CAGRs of 1.5% and 4.0% respectively. The mandatory nature of motor and property insurance, supported these categories during the review period. Premium prices across the segment recorded a downward trend during 2013, primarily due to a highly non-life segment. The implementation of Solvency II Directives in 2016 is further expected to intensify competition among French non-life insurers.

Scope

This report provides a comprehensive analysis of the Life or non-Life insurance segment in France:

• It provides historical values for France’s Life or non-Life insurance segment for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key categiories in France’s Life or non-Life insurance segment, along with market forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
• It analyses the various distribution channels for Life or non-Life insurance products in France.
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in France for the Life or non-Life insurance segment.

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