Press release
Rising Healthcare Expenses Boost France Personal Accident and Health Insurance Market
MarketResearchHub
The report includes the various distribution channels in the French market as well as the particulars of the competitive landscape in the personal accident and health insurance market. The challenges faced by the France personal accident and health insurance industry and the details of the regulatory policy applicable to the market have been given in the report.
The study on the personal accident and health insurance industry provides the historical values for the review period and also projects the figures for the forecast period. The report offers a detailed analysis of the key categories in the France personal accident and health insurance market and also analyzes the various distribution channels.
The growth in the personal accident and health insurance industry in France is attributed to the rising healthcare expenditure. The increase in the aging population is also causing a rise in the number of people adopting personal accident and health insurance. Moreover, an increase in the prevalence of accidental disability is boosting the adoption of personal accident and health insurance policies in the country.
According to the report, agencies were a leading distribution channel for the personal accident and health insurance industry in France. Since agencies have a large network, they are better able to sell, promote, and manage personal accident and health insurance products.
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Small domestic insurers are expected to reconsider their capital investment in the personal accident and health insurance industry due to the implementation of the regulatory Solvency II framework, implemented from January 2016. This will act as a major challenge for the growth of the personal accident and health insurance market in France.
The report states that the France personal accident and health insurance industry is consolidated and highly competitive. The market is dominated by the top five leading companies – Groupama-Gan, Axa France Assurance, Allianz France, Generali France, and CNP Assurance. The report profiles the key players in the market, enabling enterprises and interested readers to make strategic business decisions. This is done by making use of in-depth historical market data and data estimation. Challenges faced by the companies and strategies implemented by them to maintain their top position in the market have been included in the report. The business and financial overview of each of the companies has been included. This helps in assessing the competitive dynamics in the market.
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