Life Insurance & Pension in France
Summary
Life Insurance & Pension in France industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The French life insurance & pension market recorded gross written premiums of $170.1 billion in 2023, representing a negative compound annual growth rate (CAGR) of 0.1% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $147.3 billion, equivalent to 86.6% of the market's overall value.
- The growth in the French life insurance & pension market is driven by the increasing population of individuals aged 65 and above. This demographic shift is fuelling demand for retirement savings plans and income protection policies as people seek financial security for their post-retirement years. According to Eurostat, the population of individuals aged 65 and above in France stood at 14.6 million in 2023, an increase of 2.7% from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance & pension market in France
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in France
- Leading company profiles reveal details of key life insurance & pension market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the France life insurance & pension market with five year forecasts
- What was the size of the France life insurance & pension market by value in 2023?
- What will be the size of the France life insurance & pension market in 2028?
- What factors are affecting the strength of competition in the France life insurance & pension market?
- How has the market performed over the last five years?
- What are the main segments that make up France's life insurance & pension market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strategies of the leading players?
- 7.3. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. BNP Paribas Cardif
- 8.2. CNP Assurances SA
- 8.3. Credit Agricole SA
- 8.4. Confederation Nationale du Credit Mutuel
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: France life insurance & pension market value: $ billion, 2018-23
- Table 2: France life insurance & pension market category segmentation: % share, by value, 2018-23
- Table 3: France life insurance & pension market category segmentation: $ billion, 2018-23
- Table 4: France life insurance & pension market geography segmentation: $ billion, 2023
- Table 5: France life insurance & pension market value forecast: $ billion, 2023-28
- Table 6: BNP Paribas Cardif: Key Facts
- Table 7: BNP Paribas Cardif: Key Employees
- Table 8: CNP Assurances SA: Key Facts
- Table 9: CNP Assurances SA: Key Employees
- Table 10: CNP Assurances SA: Key Employees Continued
- Table 11: Credit Agricole SA: Key Facts
- Table 12: Credit Agricole SA: Annual Financial Ratios
- Table 13: Credit Agricole SA: Key Employees
- Table 14: Credit Agricole SA: Key Employees Continued
- Table 15: Credit Agricole SA: Key Employees Continued
- Table 16: Confederation Nationale du Credit Mutuel: Key Facts
- Table 17: Confederation Nationale du Credit Mutuel: Key Employees
- Table 18: France Size of Population (million), 2019-23
- Table 19: France Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 20: France GDP (Current Prices, $ Billion), 2019-23
- Table 21: France Inflation, 2019-23
- Table 22: France Consumer Price Index (Absolute), 2019-23
- Table 23: France Exchange Rate, 2018-23
- List of Figures
- Figure 1: France life insurance & pension market value: $ billion, 2018-23
- Figure 2: France life insurance & pension market category segmentation: $ billion, 2018-23
- Figure 3: France life insurance & pension market geography segmentation: % share, by value, 2023
- Figure 4: France life insurance & pension market value forecast: $ billion, 2023-28
- Figure 5: Forces driving competition in the life insurance & pension market in France, 2023
- Figure 6: Drivers of buyer power in the life insurance & pension market in France, 2023
- Figure 7: Drivers of supplier power in the life insurance & pension market in France, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in France, 2023
- Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in France, 2023
- Figure 10: Drivers of degree of rivalry in the life insurance & pension market in France, 2023
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