Life Insurance in France, Key Trends and Opportunities to 2020

  • ID: 4369579
  • Report
  • Region: France
  • 120 pages
  • GlobalData
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FEATURED COMPANIES

  • AG2R La Mondiale
  • Allianz France SA (AGF)
  • Aviva France
  • Axa France Assurance
  • BNP Paribas Cardif SA
  • CNP Assurances SA
  • MORE
The 'Life Insurance in France, Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the French life insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the French economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary:

The 'Life Insurance in France, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the French life insurance segment, including:
  • The French life insurance segment’s growth prospects by life insurance category
  • Key trends, drivers and challenges for the life insurance segment
  • A comprehensive overview of the French economy and demographics
  • The various distribution channels in the French life insurance segment
  • Details of the competitive landscape in the life insurance segment in France
  • Details of regulatory policy applicable to the French insurance industry
Scope:

This report provides a comprehensive analysis of the life insurance segment in France:
  • It provides historical values for the French life insurance segment for the report’s 2011-2015 review period, and projected figures for the 2015-2020 forecast period.
  • It offers a detailed analysis of the key categories in the French life insurance segment, and market forecasts to 2020.
  • It analyzes the various distribution channels for life insurance products in France.
  • It profiles the top life insurance companies in France and outlines the key regulations affecting them.
Reasons To Buy:
  • Make strategic business decisions using in-depth historic and forecast market data related to the French life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the French life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the French insurance industry, and their impact on companies and the industry's future.
Key Highlights:
  • Solvency ll was implemented with effect from January 2016, which is expected to consolidate the segment.
  • The Insurance Code, which governs insurance activity in France, was last updated in January 2016.
  • In July 2016, the French Federation of Insurance Companies (FFSA) and the Pool of Mutual Insurance Companies (GEMA) merged to form the French Federation of Insurance (FFA).
  • The Insurance Distribution Directive (IDD), which is a framework for regulating European Union (EU) insurance intermediaries, will be effective from February 2018.
  • In April 2016, the Minister of Finance increased personal income tax rates at all income levels from 15.3% to 18.3%. As life insurance is tax exempt, it will drive growth.
  • In January 2015, pension reforms increased minimum service required to benefit from the state pension from 41-43 years, excluding many French residents. It will drive the growth of private pension and retirement products.
  • The life segment product portfolio is gradually shifting from traditional saving products to unit-linked products.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AG2R La Mondiale
  • Allianz France SA (AGF)
  • Aviva France
  • Axa France Assurance
  • BNP Paribas Cardif SA
  • CNP Assurances SA
  • MORE
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Policies sold
4.2.3 Claims
4.2.4 Assets and investments
5 Outlook by Sub-Segment
5.1 Individual Life Insurance
5.1.1 Premium
5.1.2 Policies sold
5.1.3 Penetration
5.2 Group Life Insurance
5.2.1 Premium
5.2.2 Penetration
6 Distribution Channel Outlook
7 Competitive Landscape
7.1 Company Profiles
7.1.1 CNP Assurances SA - company overview
7.1.2 Crédit Agricole Assurance - company overview
7.1.3 Crédit Mutuel - company overview
7.1.4 Axa France Assurance - company overview
7.1.5 BNP Paribas Cardif SA - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Motor third-party liability (MTPL) insurance
8.4.2 Workers’ compensation
8.4.3 Air carriers and aircraft operators insurance
8.4.4 Professional indemnity insurance for alternative investment fund managers
8.4.5 Liability insurance for health professionals
8.4.6 Clinical trials liability insurance
8.4.7 Liability insurance for construction contractors (decennial liability insurance)
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 European Insurance and Occupational Pensions Authority
8.5.3 Autorité de Contrôle Prudentiel
8.5.4 Autorité des Marchés Financiers
8.5.5 Federation of European Risk Management Associations
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and Penalties
8.7 Company Registration and Operations
8.7.1 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margin
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution
9 Databook
9.1 Policies and Premium
9.2 Claims and Expenses
9.3 Assets and Investments
9.4 Individual Life Insurance
9.5 Individual Life Insurance by Product
9.6 Group Life Insurance
9.7 Group Life Insurance by Product
9.8 Linked vs. Non-Linked Policies
10 Definitions and Methodology
10.1 Definitions
10.2 Methodology
11 About
11.1 Contact
11.2 About
11.3 Services
11.4 Disclaimer

List of Tables
Table 1: French Life Insurance - Key Facts, 2015
Table 2: French Life Insurance - Segment Shares of the Top Insurers, 2015
Table 3: French Government Credit Ratings
Table 4: French Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2011-2015
Table 5: French Life Insurance - Penetration (%), 2011-2015
Table 6: French Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2015-2020
Table 7: French Life Insurance - Penetration (%), 2015-2020
Table 8: French Life Insurance - Premium per Capita (EUR and US$), 2011-2015
Table 9: French Life Insurance - Premium per Capita (EUR and US$), 2015-2020
Table 10: French Life Insurance - Number of Policies Sold (Million), 2011-2015
Table 11: French Life Insurance - Number of Policies Sold (Million), 2015-2020
Table 12: French Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015
Table 13: French Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020
Table 14: French Life Insurance - Total Assets (EUR Billion and US$ Billion), 2011-2015
Table 15: French Life Insurance - Total Assets (EUR Billion and US$ Billion), 2015-2020
Table 16: French Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2011-2015
Table 17: French Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2015-2020
Table 18: French Life Insurance - Direct Written Premium by Sub-Segment (EUR Billion), 2011-2015
Table 19: French Life Insurance - Direct Written Premium by Sub-Segment (EUR Billion), 2015-2020
Table 20: French Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2011-2015
Table 21: French Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2015-2020
Table 22: French Individual Life Insurance - Number of Policies Sold by Category (Million), 2011-2015
Table 23: French Individual Life Insurance - Number of Policies Sold by Category (Million), 2015-2020
Table 24: French Group Life Insurance - Direct Written Premium by Category (EUR Billion), 2011-2015
Table 25: French Group Life Insurance - Direct Written Premium by Category (EUR Billion), 2015-2020
Table 26: French Life - Segment Shares of Leading Insurers (%), 2015
Table 27: CNP Assurances SA - Key Facts
Table 28: CNP Assurances SA - Key Financials (EUR Million), 2011-2015
Table 29: Crédit Agricole Assurance - Key Facts
Table 30: Crédit Agricole Assurance - Key Financials (EUR Million), 2011-2015
Table 31: Crédit Mutuel - Key Facts
Table 32: Crédit Mutuel - Key Financials (EUR Million), 2011-2015
Table 33: Axa France Assurance - Key Facts
Table 34: Axa France Assurance - Key Financials (EUR Million), 2011-2015
Table 35: BNP Paribas Cardif SA - Key Facts
Table 36: BNP Paribas Cardif SA - Key Financials (EUR Million), 2011-2015
Table 37: France- Insurance Regulatory Framework Key Features
Table 38: France-Life Insurance Regulatory Framework
Table 39: France-Property Insurance Regulatory Framework
Table 40: France-Motor Insurance Regulatory Framework
Table 41: France-Liability Insurance Regulatory Framework
Table 42: France-Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
Table 43: France-Motor Insurance Regulatory Framework
Table 44: France-Corporate Tax Rates for the Financial Year 2017
Table 45: French Life Insurance - Policies and Premium, 2011-2015
Table 46: French Life Insurance - Policies and Premium, 2015-2020
Table 47: French Life Insurance - Claims and Expenses, 2011-2015
Table 48: French Life Insurance - Claims and Expenses, 2015-2020
Table 49: French Life Insurance - Assets and Investments, 2011-2015
Table 50: French Life Insurance - Assets and Investments, 2015-2020
Table 51: French Life Insurance - Individual Life Insurance, 2011-2015
Table 52: French Life Insurance - Individual Life Insurance, 2015-2020
Table 53: French Life Insurance - Individual Life Insurance by Product, 2011-2015
Table 54: French Life Insurance - Individual Life Insurance by Product, 2015-2020
Table 55: French Life Insurance - Group Life Insurance, 2011-2015
Table 56: French Life Insurance - Group Life Insurance, 2015-2020
Table 57: French Life Insurance - Group Life Insurance by Product, 2011-2015
Table 58: French Life Insurance - Group Life Insurance by Product, 2015-2020
Table 59: French Life Insurance - Linked vs. Non-Linked Policies, 2011-2015
Table 60: French Life Insurance - Linked vs. Non-Linked Policies, 2015-2020
Table 61: Insurance Industry Definitions

List of Figures
Figure 1: French Economic Transition, by GDP components (% of GDP), 1990-2015
Figure 2: French Real GDP (EUR Trillion), 2011-2020
Figure 3: French Consumer Price Inflation (%), 2011-2020
Figure 4: French Current Account Balance as Percentage of GDP (%), 2011-2020
Figure 5: French Unemployment Rate, 2011-2020
Figure 6: French Population by Age Group, 1990-2025
Figure 7: French Life Insurance Penetration - Regional Comparison (%), 2015
Figure 8: French Insurance Segment Direct Written Premium Shares - Regional Comparison (%), 2015
Figure 9: French Life Insurance - Gross Written Premium (EUR Billion), 2011-2020
Figure 10: French Life Insurance - Penetration (%), 2011-2020
Figure 11: French Life Insurance - Premium per Capita (EUR), 2011-2020
Figure 12: French Life Insurance - Number of Policies Sold (Million), 2011-2020
Figure 13: French Life Insurance - Paid Claims (EUR Billion), 2011-2020
Figure 14: French Life Insurance - Total Assets (EUR Billion), 2011-2020
Figure 15: French Life Insurance - Total Investment Income (EUR Billion), 2011-2020
Figure 16: French Life Insurance - Direct Written Premium by Sub-Segment (EUR Billion), 2011-2020
Figure 17: French Life Insurance - Direct Written Premium Share by Sub-Segment, 2011-2020
Figure 18: French Life Insurance - Direct Written Premium Dynamics by Sub-Segment, 2011-2020
Figure 19: French Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2011-2020
Figure 20: French Individual Life Insurance - Direct Written Premium Share by Category, 2011-2020
Figure 21: French Individual Life Insurance - Direct Written Premium Dynamics by Category, 2011-2020
Figure 22: French Individual Life Insurance - Number of Policies Sold by Category (Million), 2011-2020
Figure 23: French Individual Life Insurance - Penetration (%), 2011-2015
Figure 24: French Individual Life Insurance - Penetration (%), 2015-2020
Figure 25: French Group Life Insurance - Direct Written Premium by Category (EUR Billion), 2011-2020
Figure 26: French Group Life Insurance - Direct Written Premium Share by Category (%), 2011-2020
Figure 27: French Group Life Insurance - Direct Written Premium Dynamics by Category, 2011-2020
Figure 28: French Group Life Insurance - Penetration (%), 2011-2015
Figure 29: French Group Life Insurance - Penetration (%), 2015-2020
Figure 30: French Life - Segment Shares of Leading Insurers (%), 2015
Figure 31: France - The Three Pillars of Solvency II
Figure 32: France- Insurance Supervision and Control at Various Levels
Figure 33: France- Insurance Regulatory Frameworks for Company Registration and Operation
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  • CNP Assurances SA
  • Crédit Agricole Mutuel Paris Île de France
  • Credit Mutuel France
  • Axa France Assurance
  • BNP Paribas Cardif SA
  • Société Générale Insurance
  • Generali France SA
  • Allianz France SA (AGF)
  • Aviva France
  • AG2R La Mondiale
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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