France Insurance Report - Business Monitor International - Industry Reports

France Insurance Report

France Insurance Report - Business Monitor International - Industry Reports
France Insurance Report
Published Jun 11, 2016
58 pages — Published Jun 11, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

< ALACRA META ABSTRACT>BMI View: The French insurance market as a whole is mature and the landscape is characterized by a high degree of competition. France is home to one of the largest global insurance markets, with both life and non-life insurance segments benefitting from very high rates of penetration and density. As a mature market, growth prospects are relatively limited but nevertheless ticking upwards modestly. Competition remains fierce, particularly in key non-life lines such as motor and property insurance, which exerts significant downwards pressure on prices, resulting in sluggish growth for some lines. The leading insurance providers have, however, proven innovators and the strengthening of the product offering in the market will allow some growth to be achieved. ...Our present outlook remains stable and optimistic given the maturity of such a developed market looking forward into our current forecast period. Table: Headline Insurance Forecasts (France ---------) ---- ---- ----e ----f ----f ----f ----f ----f Gross life premiums written, EURbn ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- Gross life premiums written, EUR, y-o-y -.- -.- -.- -.- -.- -.- -.- -.- Gross life premiums written, USDbn ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- Gross life premiums written, USD, y-o-y -.- -.- ---.- --.- -.- -.- -.- -.- Gross non-life premiums written, EURbn --.-- --.-- --.-- --.-- --.-- --.-- --.-- --.-- Gross non-life premiums written, EUR, y-o-y -.- -.- -.- -.- -.- -.- -.- -.- Gross non-life premiums written, USDbn --.-- --.-- --.-- --.-- --.-- --.-- --.-- --.--

...� Business Monitor International Ltd Page -- boosted by the country s high household savings rate, which, at around --.- of disposable household income according to OECD figures, is currently the highest in the OECD region, almost twice the EU average. However, this trend must be viewed in the context of a challenging climate for savers, given the low interest rate environment in France, as is the case in other eurozone states. Another positive indicator for the life insurance market is the high average household income rate in France. The majority of households fall into the two higher income brackets (USD--,--- to USD--,--- and USD--,--- plus) which indicates a high level of affordability for life insurance and savings products. The number of households in the highest bracket is expected to increase over the forecast period, bolstered by improving wages, falling unemployment and wider economic growth. ...The majority of households fall into the two higher income brackets (USD--,--- to USD--,--- and USD--,--- plus) which indicates a high level of affordability for life insurance and savings products. The number of households in the highest bracket is expected to increase over the forecast period, bolstered by improving wages, falling unemployment and wider economic growth.

...France s well-established life insurance segment will remain the larger of the two core markets we monitor by a clear distance, with life premiums set to account for about -- of total insurance spending in the country over ---------. The dominance of the life segment reflects the high savings rate of French households and traditional popularity of savings and investment products, as well as the maturity of the market which is home to a number of well capitalised providers with extensive distribution channels and product ranges. ...

  
Source:
Document ID
2055-4087
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "France Insurance Report" Jun 11, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/France-Insurance-Report-2026-1541>
  
APA:
Business Monitor International - Industry Reports. (2016). France Insurance Report Jun 11, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/France-Insurance-Report-2026-1541>
  
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