France Insurance Industry – Governance, Risk and Compliance
GlobalData’s ‘France Insurance Industry – Governance, Risk and Compliance’ report is the result of extensive research into the insurance regulatory framework in France.
It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.
The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.
– ACPR regulates the French insurance industry.
– Non-admitted insurance is not permitted in the French insurance industry. However, insurance companies from EEA Member States are permitted to operate without obtaining license from the ACPR.
– Composite insurance is not permitted in France. However, a reinsurer may carry on both life and non-life reinsurance business.
– 100% foreign direct investment is permitted in the French insurance industry.
– Solvency II came into force in France on January 1, 2016, and new risk management standards for insurers were introduced.
The report provides insights into the governance, risk, and compliance framework pertaining to the insurance industry in France, including –
– An overview of the insurance regulatory framework in France.
– The latest key changes, and changes expected in the country’s insurance regulatory framework.
– Key regulations and market practices related to different types of insurance product in the country.
– Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in the country.
– Key parameters including licensing requirements permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
– Details of the tax and legal systems in the country.
– The report covers details of the insurance regulatory framework in France.
– The report contains details of the rules and regulations governing insurance products and insurance entities.
– The report lists and analyzes key trends and developments pertaining to the country's insurance regulatory framework.
– The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
– The report provides details of taxation imposed on insurance products and insurance companies.
• The French insurance industry is regulated by the ACP.
• Non-admitted insurance is not permitted in the French insurance industry. However, insurers from EEA member states are permitted to operate without obtaining a license from the ACPR.
• Composite insurance is not permitted in France. However, a reinsurer may carry out both life and non-life reinsurance.
• 100% foreign direct investment is permitted in the French insurance industry.
• Solvency II was implemented from January 1, 2016.
Reasons to Buy
– Provides FAQ-style analytical insights comprising 129 knowledge elements on insurance compliance applicable to the country.
– Gain insights into the insurance regulatory framework in France.
– Track the latest regulatory changes, and expected changes impacting the French insurance industry.
– Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.
– Understand key regulations and market practices pertaining to various types of insurance product.
Table of Contents
Table of Contents
Supervision and Control
Non-Admitted Insurance Regulations
Company Registration and Operation
Foreign Direct Investment / Ownership
Minimum Capital Requirements
Statutory Return Requirements
Tax on Insurance Premium
Corporate Income Tax
Corporate Capital Gains Tax
Value Added Tax
List of Tables
List of Tables
France – Corporate Tax Rates for the Financial Year 2022
List of Figures
Figure 1: France – The Three Pillars of Solvency II
Figure 2: France – Insurance Supervision and Control at Various Levels
Figure 3: France – Insurance Regulatory Frameworks for Company Registration and Operation
Get in touch to find out about our multi-purchase discounts
Tel +44 (0) 20 7947 2960
Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.
Still undecided about purchasing this report?
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.