France Property and Casualty Insurance Market - GROWTH, TRENDS, AND FORECAST (2019-2024)

The market is segmented by insurance type - growth, trends, and forecast (2019 - 2024).

Market Snapshot

property casualty insurance market
Study Period:

2015-2024

Base Year:

2018

Key Players:

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Market Overview

  • The property and casualty insurance market premiums are with CAGR of 1.1% over the forecast period of 2019-2024.
  • The French insurance market is sophisticated and competitive. As of 2016, in terms of premium volume, the country is in the 5th position in global non-life insurance market with over EUR 200 million. Premiums in France grew due to stronger motor growth.
  • As of 2017, property and casualty insurance, personal lines in particular achieved significant growth in premiums. Business insurance recorded a modest growth, contrasting with the recovery in French economic activity.
  • In 2017, the combined ratio for all property and casualty insurance improved slightly to 98.7%, in comparison to 99.4% in 2016. Insurers’ activities and their relations with citizens-consumers are being transformed by the digital revolution. Growth was a little stronger in property and casualty insurance (+2.3%) than in life, health, and protection insurance (+1.1%).

Scope of the Report

A complete background analysis of the French property and casualty market, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics, and market overview, is covered in the report

By Insurance Type
Motor Vehicle Insurance
Multi-risk Home
General Liability Insurance
Construction Insurance
Business and Agriculture Property Insurance
Assistance Insurance
Financial Losses Insurance
Natural Disasters
Legal Protection Insurance
Credit Survey Insurance
Transport Insurance

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Key Market Trends

Property Insurance benefits, Claims paid and Withdrawals in France from 2011 to 2017

The value of life insurance benefits, claims paid, and withdrawals generally increased with some fluctuations during the period observed. In 2011, the value of benefits, claims paid, and withdrawals amounted to approximately EUR 129.3 billion, and by 2016 this had increased to roughly EUR 133.7billion.

property casualty insurance market

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Combined Ratios of Motor Vehicle Insurance

Motor vehicle insurance revenues increased by 2.6% in 2017, to EUR 21.3 billion. This was higher growth than in the previous two financial years. The market was supported by an increase of 5.2% in new vehicle registrations. In terms of claims, the improvement in road safety indicators (number of deaths -0.8% in 2017; number of injuries +1.0%) corroborates the reduction in personal injury liability claims (-2.9%).

Together with the lower rise in the average cost of damage claims, claims incurred in the motor branch were lower in 2017. The combined ratio net of reinsurance was 103.0%, down by 2.4 percentage points compared to 2016.

property casualty insurance market

Competitive Landscape

The report covers major international players operating in the French property and casualty market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

  • Aviva PLC
  • Covea Insurance
  • Allianz France
  • Axa France
  • Groupama
  • Coface
  • CNP Assurances
  • Scor SE
  • Credit Agricole
  • Credit Mutual
  • Other Companies

Major Players

  1. Aviva PLC
  2. Axa
  3. Allianz
  4. Groupama
  5. Covea Insurance

* Complete list of players covered available in the table of contents below

property casualty insurance market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Market

    2. 1.2 Market Definition

    3. 1.3 Executive Summary

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Study Deliverables

    2. 2.2 Study Assumptions

    3. 2.3 Analysis Methodology

    4. 2.4 Research Phases

  3. 3. MARKET INSIGHTS

    1. 3.1 Market Overview

    2. 3.2 Government Regulations

    3. 3.3 Digital Trends Shaping the Insurance Industry

    4. 3.4 Insights on the Economic Performance of France

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

    2. 4.2 Restraints

    3. 4.3 Opportunities

    4. 4.4 High Insurance Fraud

    5. 4.5 Distribution Channels

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Insurance Type

      1. 5.1.1 Motor Vehicle Insurance

      2. 5.1.2 Multi-risk Home

      3. 5.1.3 General Liability Insurance

      4. 5.1.4 Construction Insurance

      5. 5.1.5 Business and Agriculture Property Insurance

      6. 5.1.6 Assistance Insurance

      7. 5.1.7 Financial Losses Insurance

      8. 5.1.8 Natural Disasters

      9. 5.1.9 Legal Protection Insurance

      10. 5.1.10 Credit Survey Insurance

      11. 5.1.11 Transport Insurance

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Competition Overview

    2. 6.2 International Player Company Profiles

      1. 6.2.1 Aviva PLC

      2. 6.2.2 Covea Insurance

      3. 6.2.3 Allianz France

      4. 6.2.4 Axa France

      5. 6.2.5 Groupama

      6. 6.2.6 Coface

      7. 6.2.7 CNP Assurances

      8. 6.2.8 Scor SE

      9. 6.2.9 Credit Agricole

      10. 6.2.10 Credit Mutual *

    3. 6.3 Summary of Key and Active Local Players in the Market

  7. 7. INVESTMENT ANALYSIS

  8. 8. FUTURE OF THE MARKET

  9. 9. DISCLAIMER

* List Not Exhaustive

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