France Insurance Report Q4 2017
BMI View: France has a large and well-developed insurance industry which is home to various majormultinational providers. Both the major life and non-life markets are expected to remain attractivedestinations for insurance providers as both markets are set to grow steadily. However, potential investorsmust be mindful of wider economic fluctuations which the country will continue to face over the comingyears as sluggish economic growth will negatively impact demand for insurance products. New groups ofcustomers in the French insurance market can, in particular, be attracted through the development of newproducts and new distribution channels.
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Accounting for roughly 64% of total insurance premiums in 2017, the life market constitutes the largersegment of France's insurance sector. In 2017, life premiums are expected to grow by 0.7% toEUR136.4bn (USD143.2bn). Over the period 2018-2021, premiums should expand by 2.7% annually toultimately reach EUR151.5bn (USD151.5bn).
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