AM Best maintains negative outlook for the French non-life market

marché français de l'assuranceAM Best has maintained its negative outlook for the French non-life insurance market. Several factors justify the rating agency's decision, including:

  • modest overall turnover growth
  • the impact of inflation on insurers' profitability in an increasingly competitive environment
  • heightened volatility due to the upsurge in social unrest and climatic hazards.
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