Non-Life Insurance in France, Key Trends and Opportunities to 2018

Date: 2015-09

The French economy was negatively affected by unfavorable economic conditions in 2008, due to that yearโ€™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 (2009โˆ’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.

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