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The French insurance market possesses some particular features, which distinguishes
the country from others. Insurance in France for both life and property is often compulsory.
The French insurance market offers a wide choice of companies
and policies to choose.All the major
companies, called 'assurance' in French, are big enough to offer an umbrella
policy for all your needs although you can also pay for policies a la carte.
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Insurance is a legal requirement for vehicles (assurance
automobile), homes whether you rent or own (assurance pour la
maison also called assurance d'habitation), for civil liability (assurance
responsabilité civile), and for school-age children (assurance scolaire).
Angela Vacca, senior research analyst for European IT
Opportunity, in his analysis has highlighted that”The French insurance industry
is the third largest in Europe. The life segment dominates the industry with
very healthy growth in the pension segment. IT spending in this segment is
expected to increase at a CAGR of 3.6% over the next five years”.
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