...Sector Outlook Negative: Fitch Ratings has revised its sector outlook for the French non-life insurance sector to negative from stable. This reflects Fitch's expectation that premium growth and profitability of French non-life insurers will deteriorate in 2016. Fitch forecasts a normalised combined ratio of 102% in 2015 and 103% in 2016 and growth in non-life premium income of 2.6% in 2015 and 1.6% in 2016. The outlook for the ratings of the French non-life sector companies is stable, reflecting the proportion of company ratings on Stable Outlook. The majority of the French non-life insurers rated by Fitch are part of large, internationally diversified insurance groups whose ratings do not necessarily reflect underlying trends in the French non-life insurance market. Pricing Under Pressure: Fitch expects tariffs to only marginally increase in 2016 after two years of strong price rises. Competition in both personal and commercial lines is intense and the rise of aggregators on the internet,...
