Aarkstore Enterprise || France Insurance Market Intelligence: 2011 Edition | Market Research Report

France Insurance Market Intelligence: 2011 Edition

Published Date : 1 January 2011

Pages : 22

The French insurance sector is one of the crucial sectors of the economy as leading institutional investors and the amount of their investment accounts for substantial percentage of the country’s GDP. The French insurers have made significant contribution in stabilizing the economic system during the financial crisis.

Despite the economic crisis and tough market conditions, performance of life and non-life segments in insurance sector improved in 2009. However, the growth pattern for both the segments was in complete contrast with life insurance business growing intensively due to increased demand and non-life segment facing a slow down and henceforth a modest expansion. The profitability deteriorated for non-life insurers as the violent weather events severely impacted the country in 2009 and escalated losses with higher claim settlements in the year.

With the existing slow recovery of economy and improvements in financial market, insurance will continue to be a preferred investment option in France. Moreover, the insurance sector in France is expected to maintain consistent growth as demand for insurance products will grow in the near future, especially demand for life insurance products.

Table of Contents :

1. Industry Snapshot

1.1 Industry Structure
1.1.1 Fourth largest in the world in terms of GWP in 2009
1.1.2 Merger of CEA and Insurance & Mutuals Control Authority to form Prudential Control Authority
1.1.3 80% people covered under general health insurance

1.2 Market Overview
1.2.1 Market Size & Growth
1.2.1.1 Growth in personal and property insurance attributed growth in overall premiums
1.2.1.2 Rise in demand for Euro based contracts in 2009
1.2.1.3 Increased claims due to weather related events eroded profits of non-life insurers

1.2.2 Market Segments
1.2.2.1 Non-life insurance dominated by auto and homeowner's comprehensive insurance
1.2.2.2 Rise in combined ratio in 2009 due to increasing claims
1.2.2.3 Demand for unit-linked policies declined in 2009

1.2.3 Market Density & Penetration
1.2.3.1 Slight growth in insurance density
1.2.3.2 Escalating demand for life insurance products increased penetration rate in 2009

1.2.4 Market Share
1.2.4.1 Groupama and Covea lead the non-life segment
1.2.4.2 State-controlled CNP Assurances remained as market leader in life insurance

2. Industry Analysis

2.1 Industry Developments
Amendments in French Bancassurance
Changing Rules on Product Tying
BNP Paribas Announces Acquisition of Dexia
Cegedim Acquires Hosta

2.2 Market Drivers
Improvement in GDP Growth rate
Increasing Demand for Insurance Products
Growth in Health Insurance

3. Country Analysis: Risk Assessment
3.1 Political Environment
3.2 Macro-economic Indicators: Current and Projections

4. Industry Outlook: Forecast and Projections
4.1 Shifting focus on long term savings & investment increased demand for life insurance
4.2 Economic recovery driving overall premiums growth

For more information please visit :

http://www.aarkstore.com/reports/France-Insurance-Market-Intelligence-2011-Edition-40699.html

More Reports :

Austria Insurance Market Intelligence: 2011 Edition

Ireland Insurance Market Intelligence: 2011 Edition
USA Insurance Market Intelligence: 2011 Edition
Mexico Insurance Market Intelligence: 2011 Edition

Was this helpful? 0 0 Comments

You're reading Aarkstore Enterprise || France Insurance Market Intelligence: 2011 Edition | Market Research Report.