Abstract
Overview
Introduction
This report is most appropriate for companies looking for an overview of the
life insurance and pensions markets in order to assess the level of market
opportunity (using our market data and forecasts), regulatory barriers and
opportunities, and level of competition in the market. For more detailed
market data please refer to Datamonitor' s European Life and Pensions
Interactive Database 2006.
Scope
- Presents competitor market data for life insurance and pensions companies;
- Assesses regulatory barriers and opportunities;
- 5 years historic data from 2001-5 and 5 year forecast to 2010.
Report Highlights
The enactment of the IORP directive creates new product development and market
development opportunities for French insurance companies by expanding the
range of investments for pension funds beyond those that are currently
specified in France and by creating a potential market for French products
abroad.
The Economic Confidence and Modernization Act (the Breton Act) introduced a
new class of contracts called diversified life insurance policies. These
extend the range of possible insurance solutions to include products that
offer both security and profitability. New products of this type were expected
to be launched in 2006.
Insurance is distributed via tied agents, brokers, salaried sales forces,
direct writing insurance mutuals, financial institutions, direct marketing
channels (mailers, telemarketing, Internet) and alternative channels (mass
retailers, automobile manufacturers). Financial institutions and sales forces
of insurance companies dominate the life sector.
Reasons to Purchase
- Get an overview of the life and pensions market, including past growth and
forecast growth;
- Assess regulatory barriers and opportunities affecting life insurance and
pensions in this country;
- Analyze competition from retail life insurance companies.
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