Reinsurance in France, Key Trends and Opportunities to 2018

Date: 2015-09

“France has a large and well-developed domestic reinsurance segment with the presence of both domestic and foreign reinsurers, advanced reinsurance tools and alternative capital products such as insurance linked securities (ILS).
A high frequency of natural disasters adversely affected the French insurance industry during the review period (2009−2013). Avalanches, lightening storms and Tsunami warnings were reported in France during 2013. In 1982, the government established a catastrophic insurance program: Catastrophes Naturelles (CatNat). This is a mandatory program that covers major losses caused by natural disasters in the country.”

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