Best's Market Segment Report: AM Best Maintains Negative Outlook on France’s Life Insurance Segment
May 22 2024 - 3:00AM
Business Wire
AM Best is maintaining its negative market segment
outlook on France’s life insurance segment.
In its new Best’s Market Segment Report, “Market Segment
Outlook: France Life Insurance,” AM Best states that it expects the
country’s life insurance premium growth to remain constrained in
2024 as the segment’s top line is sensitive to wider economic
conditions.
Although life insurance products remain one of the preferred
investment options in France, AM Best believes the combined effect
of slow economic recovery, and competition from other investment
products offering higher rates, weighs on the segment’s growth
prospects over the next 12 months.
Meanwhile, the announcement by life insurers of higher crediting
rates on fixed saving products in 2024 (for the 2023 policy year)
is seen as a positive factor for the segment. Over the longer term,
the segment is expected to benefit from higher margins as insurers’
own portfolio returns are expected to gradually increase thanks to
higher yields on recent investments.
To access a complimentary copy of this market segment report,
please visit
http://www3.ambest.com/bestweek/purchase.asp?record_code=343043.
AM Best is a global credit rating agency, news publisher and
data analytics provider specialising in the insurance industry.
Headquartered in the United States, the company does business in
over 100 countries with regional offices in London, Amsterdam,
Dubai, Hong Kong, Singapore and Mexico City. For more information,
visit www.ambest.com.
Copyright © 2024 by A.M. Best Rating
Services, Inc. and/or its affiliates. ALL RIGHTS
RESERVED.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240522285108/en/
James Kenfack Associate Financial Analyst +31
20 808 2272 james.kenfack@ambest.com
Richard Banks Director, Industry Research – EMEA
+44 20 7397 0322 richard.banks@ambest.com
Morgane Hillebrandt Senior Financial Analyst
+31 20 808 3176 morgane.hillebrandt@ambest.com
Edem Kuenyehia Director, Market Development &
Communications +44 20 7397 0280
edem.kuenyehia@ambest.com