French insurance market: 2018 results
The French insurance market closes the year 2018 with a turnover of 220 billion EUR (252 billion USD), increasing by 4% over one year. All the activities have rose, most importantly health (+6%) and life (+4%) businesses.
The life insurance activity predominated over the market with 140 billion EUR (160 billion USD) of premiums. The non-life insurance records a turnover of 56 billion EUR (64 billion USD) increasing by 3% compared to 2017. Ultimately, the health insurance activity records a turnover of 24 billion EUR (28 billion USD).
The non-life loss experience hits 40 billion EUR (45 billion USD). The natural catastrophes alone have cost 3.2 billion EUR to the insurers not to mention the losses of 200 million euros recorded following the acts of vandalism of the yellow vests protests.
Despite this exceptional loss experience, the combined ratio of the non-life activity is improving notably with 99.3% in motor and 99.5% in homeowner's insurance.
On the 31st of December 2018, the market has employed 265 000 employees in 46 800 companies within which the distribution network.
Read also | Ranking of European insurers and reinsurers in 2017
