Personal Accident and Health Insurance in France, Key Trends and Opportunities to 2016


#127009

211pages

Timetric

$ 1950

In Stock


Synopsis

The report provides in depth market analysis, information and insights into the French personal accident and health insurance market, including:

  • The French personal accident and health insurance markets growth prospects by personal accident and health insurance categories
  • The various distribution channels in the French personal accident and health insurance market
  • The competitive landscape in the personal accident and health insurance market
  • A description of the personal accident and health reinsurance market in France

Summary

Despite a difficult economic environment, the personal accident and health insurance segment recorded a robust growth rate during the review period. The growth in the market was driven by the rising healthcare expenditure in the country, growing consumer awareness regarding the benefits of personal accident insurance coverage coupled with the increasing volume of outbound tourists. New solvency norms and mergers and acquisitions have been the main business activities in the personal accident and health segment, particularly among smaller or mutual companies during the review period. The personal accident insurance segment is becoming more competitive, due to the entry of foreign companies into the market.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance market in France:

  • It provides historical values for the French personal accident and health insurance market for the review period (20072011) and forecast period (20122016) 
  • It offers a detailed analysis of the key sub-segments in the French personal accident and health insurance market, along with market forecasts until 2016
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions 
  • It analyses the various distribution channels for personal accident and health insurance products in France 
  • Using Porters industry-standard Five Forces analysis, it details the competitive landscape in France for the personal accident and health insurance business
  • It provides a detailed analysis of the reinsurance market in France and its growth prospects
  • It profiles the top personal accident and health 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 personal accident and health insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the French personal accident and health insurance market
  • Assess the competitive dynamics in the personal accident and health insurance market, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the French insurance market and its impact on companies and the market's future

Key Highlights

  • Changing lifestyle patterns and improving levels of awareness regarding health resulted in an increase in French healthcare expenditure during the review period. The increasing risk of long-term illness has encouraged many to purchase health insurance in order to avoid any financial liability incurred as a consequence of such illness.
  • The French travel insurance category has been gaining positive momentum owing to the rising volume of outbound tourists. The increasing number of outbound tourists is expected to support the growth in the French travel insurance category over the forecast period. 
  • The extensive network of distribution channels across France contributed to the growth of the French personal accident and health insurance segment during the review period. Companies have been focusing on developing effective distribution models to meet the nations diverse customer needs. However, the 2011 European debt crisis adversely affected the French insurance industry. 
  • The personal accident insurance segment is becoming more competitive, due to the entry of foreign companies into the market. Global companies, such as AXA France, Malakoff-Mederic, Allianz France and Swiss Life, utilized the chance to enter into the French health insurance segment to capitalize on the demand for health insurance products.