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Life Insurance in France, Key Trends and Opportunities to 2020

Synopsis

Timetric’s '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 Timetric’s 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

Timetric’s '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.


  • Key Facts and Highlights
    • Table French Life Insurance - Key Facts, 2015
    • Table French Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table French Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table French Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2011-2015
        • Table French Life Insurance - Penetration (%), 2011-2015
        • Table French Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2015-2020
        • Table French Life Insurance - Penetration (%), 2015-2020
        • Table French Life Insurance - Premium per Capita (EUR and US$), 2011-2015
        • Table French Life Insurance - Premium per Capita (EUR and US$), 2015-2020
      • Policies sold
        • Table French Life Insurance - Number of Policies Sold (Million), 2011-2015
        • Table French Life Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table French Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015
        • Table French Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020
      • Assets and investments
        • Table French Life Insurance - Total Assets (EUR Billion and US$ Billion), 2011-2015
        • Table French Life Insurance - Total Assets (EUR Billion and US$ Billion), 2015-2020
        • Table French Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2011-2015
        • Table French Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2015-2020
  • Outlook by Sub-Segment
    • Table French Life Insurance - Direct Written Premium by Sub-Segment (EUR Billion), 2011-2015
    • Table French Life Insurance - Direct Written Premium by Sub-Segment (EUR Billion), 2015-2020
    • Individual Life Insurance
      • Premium
        • Table French Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2011-2015
        • Table French Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2015-2020
      • Policies sold
        • Table French Individual Life Insurance - Number of Policies Sold by Category (Million), 2011-2015
        • Table French Individual Life Insurance - Number of Policies Sold by Category (Million), 2015-2020
      • Penetration
    • Group Life Insurance
      • Premium
        • Table French Group Life Insurance - Direct Written Premium by Category (EUR Billion), 2011-2015
        • Table French Group Life Insurance - Direct Written Premium by Category (EUR Billion), 2015-2020
      • Penetration
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table French Life - Segment Shares of Leading Insurers (%), 2015
    • Company Profiles
      • CNP Assurances SA - company overview
        • Table CNP Assurances SA - Key Facts
        • Table CNP Assurances SA - Key Financials (EUR Million), 2011-2015
      • Crédit Agricole Assurance - company overview
        • Table Crédit Agricole Assurance - Key Facts
        • Table Crédit Agricole Assurance - Key Financials (EUR Million), 2011-2015
      • Crédit Mutuel - company overview
        • Table Crédit Mutuel - Key Facts
        • Table Crédit Mutuel - Key Financials (EUR Million), 2011-2015
      • Axa France Assurance - company overview
        • Table Axa France Assurance - Key Facts
        • Table Axa France Assurance - Key Financials (EUR Million), 2011-2015
      • BNP Paribas Cardif SA - company overview
        • Table BNP Paribas Cardif SA - Key Facts
        • Table BNP Paribas Cardif SA - Key Financials (EUR Million), 2011-2015
  • Governance, Risk and Compliance
    • Table France- Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table France-Life Insurance Regulatory Framework
      • Property insurance
        • Table France-Property Insurance Regulatory Framework
      • Motor insurance
        • Table France-Motor Insurance Regulatory Framework
      • Liability insurance
        • Table France-Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability (MTPL) insurance
      • Workers' compensation
      • Air carriers and aircraft operators insurance
        • Table France-Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
      • Professional indemnity insurance for alternative investment fund managers
      • Liability insurance for health professionals
      • Clinical trials liability insurance
      • Liability insurance for construction contractors (decennial liability insurance)
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Autorité de Contrôle Prudentiel
      • Autorité des Marchés Financiers
      • Federation of European Risk Management Associations
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table France-Motor Insurance Regulatory Framework
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table France-Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table French Life Insurance - Policies and Premium, 2011-2015
      • Table French Life Insurance - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table French Life Insurance - Claims and Expenses, 2011-2015
      • Table French Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table French Life Insurance - Assets and Investments, 2011-2015
      • Table French Life Insurance - Assets and Investments, 2015-2020
    • Individual Life Insurance
      • Table French Life Insurance - Individual Life Insurance, 2011-2015
      • Table French Life Insurance - Individual Life Insurance, 2015-2020
    • Individual Life Insurance by Product
      • Table French Life Insurance - Individual Life Insurance by Product, 2011-2015
      • Table French Life Insurance - Individual Life Insurance by Product, 2015-2020
    • Group Life Insurance
      • Table French Life Insurance - Group Life Insurance, 2011-2015
      • Table French Life Insurance - Group Life Insurance, 2015-2020
    • Group Life Insurance by Product
      • Table French Life Insurance - Group Life Insurance by Product, 2011-2015
      • Table French Life Insurance - Group Life Insurance by Product, 2015-2020
    • Linked vs Non-Linked Policies
      • Table French Life Insurance - Linked vs Non-Linked Policies, 2011-2015
      • Table French Life Insurance - Linked vs Non-Linked Policies, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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