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Key facts and figures

Key facts and figures

July 2021 confirmed the momentum observed for several months in life insurance, with net inflows of +€1.1 billion and +€2.7 billion in unit-linked products.
Unit-linked business reached new record levels for July, with contributions of €4.9 billion over the month and cumulative net inflows since the beginning of the year of €22 billion.

In June 2021, life insurance reached levels not seen in over 10 years:

  • €13.7 billion in contributions month-on-month, more than €77 billion in the first half,
  • Net inflows in unit-linked products reached +€3,4 billion in June and almost +€19.3 billion in H1.

The June figures for the life insurance market confirm the trend that has been observed for several months: a growing share of unit-linked investments and the quick growth of Retirement Savings Plans (RSP).

In May 2021, net life insurance inflows came in at +€1.2 billion. For the 5th consecutive month, they exceeded the billion euro threshold, thus confirming renewed momentum. The enthusiasm for retirement savings plans (RSPs) among the French and the growing share of unit-linked investments are also signs of a quickly changing market.

In March 2021, net life insurance inflows were positive at +€1 billion. Net inflows of unit-linked products amounted to +€2.1 billion, thereby contributing to financing the productive economy necessary for the recovery of our country.

Despite an uncertain economic and financial environment, net life insurance inflows in February 2021 were positive at +€1.6 billion. Unit-linked net inflows amounted to +€2.8 billion. France’s favourite investment confirms its key role in financing the French economy.

Net life insurance inflows were positive in January 2021, at +€2 billion. Unit-linked net inflows amounted to +€2.7 billion. Life insurance is picking up again, with net inflows in January 2021 almost four times higher than in December 2020, in line with the trend observed over the past few months.

Net inflows for December 2020 were +€550 million. These were the first positive monthly net inflows since the start of the health crisis. These positive net inflows confirm the last two months trend of a progressive return to balance and demonstrate the trust of the French in Life Insurance.

Net inflows for November 2020 were -€30 million and keep getting closer to balance, month after month. Insurance life premiums amounted to €10.4 billion, of which 34% were payments to unit-linked products. Paid-out benefits in November amounted to €10.5 billion.

Net inflows for October 2020 were 154 million. Insurance life premiums amounted to 10.9 billion, of which 34% were payments to unit-linked products. Paid-out benefits in October amounted to 11.0 billion.

Net inflows for September were 0.8 billion.

Insurance life premiums amounted to 9.4 billion. Paid-out benefits amounted to 10.2 billion.

Features of this 2017 edition:
- The economic and financial environment
- The insurance sector
- Life, health and protection insurance
- Property and casualty insurance
- The insurance sector’s financial activity
- French insurers’ international activity
- Statistics

According to data collected by the Technical Centre for Provident Institutions (CTIP), the French Insurance Federation (FFA) and the National Federation of Mutual Insurance Companies (FNMF), the health and protection insurance market grew by 3% in 2017, with premiums of €58.6 bn1. This growth was driven by group contracts (+4.6 % compared to +1.5 % for individual contracts), which accounted for half of the premiums.

Three families of insurers offer health and protection insurance in France: provident institutions governed by the Social Security Code, insurance companies governed by the Insurance Code and mutual insurance companies governed by the Mutual Insurance Code.

The market for supplementary health insurance and protection insurance grew by 1.6% in 2016, with premiums of €56.7 bn. This growth was driven by the increase in group contracts (+2.7% compared to +0.6% for individual contracts). Group contracts now account for half of premiums.

With 10,000 billion euros of assets under management, insurers are among the leading institutional investors in Europe. The insurance industry is willing and able to finance Europe’s economic priorities such as transport, energy and climate change.

Contents: Key figures - Property and casualty insurance in 2015  - Life, health and protection insurance in 2015  - Insurance and households’ long-term savings in 2015 - Insurance and social protection of households in 2014  - The insurance industry’s financial activity in 2015 - Statistical section - Premiums - Benefits - Accounting data - Insurance companies’ investments - Financial data