AM Best: negative outlook for the French insurance market

French insurance marketAM Best has downgraded its outlook for the French non-life insurance market from stable to negative.

Uncertain economic conditions, increased volatility, geopolitical tensions and inflation risks are among the factors that could put pressure on non-life insurers.

The rating agency has also revised the outlook for the life sector downward from stable to negative. The decision is justified by the continued low interest rate environment and headwinds that are constraining the market's growth.

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