Page 29 - Turkinsurance Digital Magazine

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Premiums by method of distribution (%) Premiums by method of distribution (%)

64 31 34
Life and composite companies 11 15 Non-life companies 15 17 1 2

6
4
Bancassurance General agents Brokers Salaried Other methods Bancassurance networks General agents Brokers Salaried employees Companies without Other methods
networks employees

by bancassurance networks with a share of 64 percent; followed the revenues of the French insurance sector were up by 1.4 per-
by salaried employees with 15 percent, brokers with 11 percent, cent, at 211.6 billion EUR. This growth was driven by property
general agents with 6 percent, and other methods with 4 percent. and casualty insurance, which saw revenues rise by 2.3 percent,
with life, health and protection insurance recording a rise of 1.1
On the other hand, distribution of non-life companies are dom- percent. Benefits and claims paid were 182.5 billion EUR, up
inated by companies without intermediaries with a share of 34 6 percent compared to 2017. This growth was mainly driven by
percent; which is followed by general agents with 31 percent, benefits paid in life and capitalization insurance, which rose by
brokers with 17 percent, bancassurance networks with 15 per- 8 percent. 2017 saw a serious flu epidemic which increased mor-
cent, salaried employees with 1 percent and other methods with tality, a very dynamic property market and electoral uncertainty,
2 percent. all of which weighed down on the savings behavior of the French.

Total premium production grows by 1.4 In 2017, the revenues of the motor branch grew by 2.6 percent
to 21.3 billion EUR. In 2017, the number of home insurance
percent in 2017 claims; burglary, water damage, fire – remained stable, but
weather events affected the profitability of this branch. Follow-
OECD statistics indicate that insurance premium per capita was ing 2016, which saw historical floods, 2017 was another dif-
3,892 USD in 2013, 4,104 USD in 2014, 3,549 USD in 2015, ficult year for farmers, with widespread spring frost affecting
4,205 USD in 2016, and 4,225 USD in 2017. Production of vineyards over a large part of France. 2017 was a year of strong
insurance market was largely dominated by the life segment with growth for health insurers, with revenues up 4.9 percent. Premi-
a share of 74.2 percent; and the share of non-life segment stood ums from group contracts equaled those of individual contracts
at 25.8 percent. According to FFA’s Annual Report of 2017, for the first time.

Premium per capita in France (USD) Shares of life and non life branches

4,205 4,225
4,104

25.8%
[DEĞER]

3,549 %74,2

2013 2014 2015 2016 2017 Life non life