France non-life faces tougher outlook

The French non-life insurance market struggled with a series of headwinds, according to AM Best's latest market segment report. While the overall market remained stable, AM Best had maintained a Negative outlook for the sector due to persistent challenges such as modest premium growth, rising claims costs, and the evolving regulatory landscape.

The non-life sector faced relatively slow growth, with expectations to increase only modestly when adjusted for inflation. This slow expansion could be attributed to the broader economic climate, which had been marked by persistent inflationary pressures. Insurers found it difficult to generate significant returns due to the rising cost of claims and operational expenses.

Please Login or Register for a free account to view this content. Benefits of registering include:

• Receive weekly Insurance Investor newsletter containing the latest articles and news
• Hear about latest industry developments and industry analysis first, and be informed ahead of the rest of the market
• Access exclusive invitations to Insurance Investor industry events in your local region, and meet with peers to network around research-led content programs