[Report] France Life Insurance & Pensions Market Research, Trends, Analysis TOC

EXECUTIVE SUMMARY - MARKET HIGHLIGHTS
- Market overview
- Market forecasts
- Market regulation
- Competitive market structure
- Market leaders
INTRODUCTION
- What is this report about?
- Who is the target reader?
- How to use this report
CHAPTER 1 MARKET OVERVIEW
- Introduction
  - Life premiums accounted for 93% of total premium income in 2005
  - The proportion of premium income attributed to individual policies increased marginally between 2003 and 2004
  - Following a decline in 2002 and 2003, premium income from non unit-linked insurance increased in 2004 and 2005
  - Bonds and money market instruments consistently account for at least 70% of the investment assets of life and pensions insurance companies
CHAPTER 2 MARKET FORECASTS
- Introduction
- Key findings
  - Over the next 5 years, premium income is set to grow at an average annual rate of 8%
CHAPTER 3 MARKET REGULATION
- Introduction
- Key findings
  - The Insurance Supervisory Authority and the Committee on Insurance Companies regulate the French insurance sector
  - The IORP directive creates new market opportunities
  - Legislative reform enhances the range of options for policyholders
  - Insurance companies which belong to financial conglomerates face additional supervisory requirements
  - New regulations on information provided to policyholders aim to improve consumer protection
  - The Insurance Intermediary Directive creates a single passport for insurance intermediaries and enhances consumer choice
  - Legislation on distance marketing defines sales practices
  - Upcoming legislation will enhance consumer protection
  - Proposed anti-money laundering legislation implies an additional administrative burden for insurance companies and brokers
CHAPTER 4 COMPETITIVE MARKET STRUCTURE
- Introduction
- Key findings
  - French life insurance companies dominate the market, by number
  - The top 5 life insurers control 56% of the market, by premium income
  - Financial institutions account for 62% of life and capital redemption premium income
CHAPTER 5 MARKET LEADERS
- Introduction
- Key findings
  - CNP Assurances is the life insurance market leader, based on premium income
  - Predica/Pacifica trails the market leader in the life insurance sector
  - Axa ranks third among life insurance companies
  - AGF is the fourth highest ranked life insurer by premium income
  - Groupama rounds out the top 5 life insurers
APPENDIX
- Definitions
  - Capital redemption policy / bond
  - Composite insurer
  - Defined contribution pension scheme
  - Defined benefits pension scheme
  - Group policy
  - Individual pension scheme
  - Individual policy
  - Life assurance
  - Occupational pension scheme
  - Pension insurance policy
  - Premium income
  - Regular premium
  - Single premium
  - Technical provisions
  - Traditional insurance
  - Unit-linked insurance
- Further reading
  - Interactive Databases
  - Reports and Briefs
- Wealth, Investments & Protection writing team
- List of Tables
  - Table 1: Life and pensions insurance premium income, segmented by product, EURm, 2001-2005
  - Table 2: Life and pensions insurance premium income, segmented by product, in percentages, 2001-2005
  - Table 3: Life and pensions insurance premium income, segmented by buyer, EURm, 2001-2005
  - Table 4: Life and pensions insurance premium income, segmented by buyer, in percentages, 2001-2005
  - Table 5: Life and pensions insurance premium income, segmented by investment risk, EURm, 2001-2005
  - Table 6: Life and pensions insurance premium income, segmented by investment risk, in percentages
  - Table 7: Investment assets of life and pensions insurance companies, EURm, 2001-2005
  - Table 8: Investment assets of life and pensions insurance companies, in percentages, 2001-2005
  - Table 9: Life and pensions insurance premium income, segmented by product, EURm, 2006-2010
  - Table 10: Life and pensions insurance premium income, segmented by product, in percentages, 2006-2010
  - Table 11: Number of life insurance providers segmented by type, as at Dec 2005
  - Table 12: Top 5 life and pensions insurers by premium income, as at Dec 2005
  - Table 13: Life and capital redemption insurance premium income, segmented by distribution channel, in percentages, Jan-Dec 2005
- List of Figures
  - Figure 1: Over the last 5 years, the proportional distribution of life and pensions premium income has been consistent
  - Figure 2: Individual policies account for the majority of life and pensions premium income, increasing by roughly 10% p.a. on average, over the last 5 years
  - Figure 3: In the last 5 years, average annual growth in premium income from non-unit-linked insurance has outstripped growth in unit-linked premiums
  - Figure 4: In 2004 and 2005, there were slight increases in the proportion of equity investments of life and pensions insurance companies
  - Figure 5: Pensions will account for an increasing proportion of the growth in premium income between 2006 and 2010
  - Figure 6: 86% of all providers are French life insurance or composite companies
  - Figure 7: CNP Assurances leads the French life and pensions sector
  - Figure 8: Salaried sales associates and tied agents together account for just under one-quarter of life and capital redemption premium income

Market Guide: Life Insurance and Pensions in France 2006

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