Am Best the global rating agency has assigned a stable market segment outlook to the French Life Insurance segment, supported by key factors that include robust, albeit modest economic growth a population with one of the highest saving rates in Europe. Traditional Life savings products remains the preferred Investment Vehicle especially Life Insurance offerings that typically carry minimal guarantees and Insurers that have become more prudent in recent years. The Am Best Report states that France’s Life Insurers enjoy a high level of market penetration through their privileged place in households and Investment Portfolios. Life Insurance savings products represent around 40% of household’s savings with traditional savings contracts remaining the primary driver of income for Life Insurance segment.
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