Datamonitor Motor Insurance in France

Motor Insurance in
France
Industry Profile
Reference Code: 0164-0153

Publication date: August 2009
www.datamonitor.com
Datamonitor USA Datamonitor Europe Datamonitor Germany Datamonitor Asia Pacific
245 Fifth Avenue Charles House Kastor & Pollux Level 46, 2 Park Street
4th Floor 108-110 Finchley Road Platz der Einheit 1 Sydney, NSW 2000
New York, NY 10016 London NW3 5JJ 60327 Frankfurt Australia
USA United Kingdom Deutschland
t: +1 212 686 7400 t: +44 20 7675 7000 t: +49 69 9754 4517 t: +61 2 8705 6900
f: +1 212 686 2626 f: +44 20 7675 7500 f: +49 69 9754 4900 f: +61 2 8705 6901
e: usinfo@datamonitor.com e: eurinfo@datamonitor.com e: deinfo@datamonitor.com e: apinfo@datamonitor.com
ABOUT DATAMONITOR
ABOUT DATAMONITOR
Datamonitor is a leading business information company specializing in industry

analysis.
Through its proprietary databases and wealth of expertise, Datamonitor provides

clients with unbiased expert analysis and in depth forecasts for six industry sectors:
Healthcare, Technology, Automotive, Energy, Consumer Markets, and Financial
Services.
The company also advises clients on the impact that new technology and
eCommerce will have on their businesses. Datamonitor maintains its headquarters in
London, and regional offices in New York, Frankfurt, and Hong Kong. The company
serves the world’s largest 5000 companies.
Datamonitor's premium reports are based on primary research with industry panels
and consumers. We gather information on market segmentation, market growth and
pricing, competitors and products. Our experts then interpret this data to produce
detailed forecasts and actionable recommendations, helping you create new business
opportunities and ideas.
Our series of company, industry and country profiles complements our premium
products, providing top-level information on 10,000 companies, 2,500 industries and
50 countries. While they do not contain the highly detailed breakdowns found in
premium reports, profiles give you the most important qualitative and quantitative
summary information you need - including predictions and forecasts.
All Rights Reserved.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by
any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of
the publisher, Datamonitor.
The facts of this report are believed to be correct at the time of publication but cannot be guaranteed.
Please note that the findings, conclusions and recommendations that Datamonitor delivers will be based
on information gathered in good faith from both primary and secondary sources, whose accuracy we are
not always in a position to guarantee. As such Datamonitor can accept no liability whatever for actions
taken based on any information that may subsequently prove to be incorrect.
France - Motor Insurance

© Datamonitor (Published August 2009) Page 2
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
Market Value
The French motor insurance market grew by 1% in 2008 to reach a value of

$26,151.1 million.
Market Value Forecast
In 2013, the French motor insurance market is forecast to have a value of $26,597.2
million, an increase of 1.7% since 2008.
Market Segmentation I
Personal motor insurance sales proved the most lucrative for the French motor
insurance market in 2008, generating 67.5% of the market's overall value.
Market Segmentation II
France accounts for 15.9% of the European motor insurance market's value.

CONTENTS
TABLE OF CONTENTS
EXECUTIVE SUMMARY 3
CHAPTER 1 Market Overview 6
1.1 Market Definition 6
1.2 Research Highlights 6
1.3 Market Analysis 7
CHAPTER 2 Market Value 8
CHAPTER 3 Market Segmentation I 9
CHAPTER 4 Market Segmentation II 10
CHAPTER 5 Competitive Landscape 11
CHAPTER 6 Leading Companies 13
6.1 AXA Group 13
6.2 Assurances Generales de France 17
6.3 Groupama S.A. 19
CHAPTER 7 Market Forecasts 22
7.1 Market Value Forecast 22
CHAPTER 8 Macroeconomic Indicators 23
CHAPTER 9 Appendix 25
9.1 Methodology 25
9.2 Industry Associations 26
9.3 Related Datamonitor Research 26

CONTENTS
LIST OF TABLES
Table 1: France Motor Insurance Market Value: $ million, 2004-2008 ..............................8
Table 2: France Motor Insurance Market Segmentation I: % Share, by Value, 2008........9
Table 3: France Motor Insurance Market Segmentation II: % Share, by Value, 2008.....10
Table 4: Key Facts: AXA Group......................................................................................13
Table 5: Key Financials: AXA Group ..............................................................................15
Table 6: Key Facts: Assurances Generales de France...................................................17
Table 7: Key Facts: Groupama S.A. ...............................................................................19
Table 8: Key Financials: Groupama S.A.........................................................................21
Table 9: France Motor Insurance Market Value Forecast: $ million, 2008-2013 .............22
Table 10: France Size of Population (million) , 2004-2008 ...............................................23
Table 11: France GDP (Constant 2000 Prices, $ billion), 2004-2008 ...............................23
Table 12: France Inflation, 2004-2008 ..............................................................................23
Table 13: France Exchange Rate, 2004-2008 ..................................................................24

MARKET OVERVIEW
CHAPTER 1 MARKET OVERVIEW
1.1 Market Definition
The motor insurance market consists of motor insurance for personal and commercial
vehicles, including cars, light & heavy trucks, vans, motorcycles and mopeds. The
value of the motor insurance market reflects gross premium incomes. Any currency
conversions used in this report are at the constant 2008 annual average exchange
rate.
For the purpose of this report Europe is deemed to comprise of Belgium, the Czech
Republic, Denmark, France, Germany, Hungary, Italy, Netherlands, Norway, Poland,
Romania, Russia, Spain, Sweden, the Ukraine and the United Kingdom.
1.2 Research Highlights
The French motor insurance market generated total revenues of $26.2 billion in 2008,
representing a compound annual growth rate (CAGR) of 0.2% for the period spanning
2004-2008.
insurance market in 2008, generating total revenues of $17.7 billion, equivalent to
67.5% of the market's overall value.
The performance of the market is forecast to accelerate, with an anticipated CAGR of

0.3% for the five-year period 2008-2013, which is expected to drive the market to a
value of $26.6 billion by the end of 2013.

MARKET OVERVIEW
1.3 Market Analysis
The French motor insurance market has posted slow but steady rates of growth over
the past few years and although a slight decline in growth in 2008, the market will
increase again over the forecast period.
The French motor insurance market generated total revenues of $26.2 billion in 2008,
representing a compound annual growth rate (CAGR) of 0.2% for the period spanning
2004-2008. In comparison, the German market changed with a compound annual
rate of change (CARC) of -3.5% and the UK market grew with a CAGR of 0.9%,
respectively, over the same period, to reach respective values of $28.5 billion and
$19.8 billion in 2008.
insurance market in 2008, generating total revenues of $17.7 billion, equivalent to
67.5% of the market's overall value. In comparison, sales of commercial motor
insurance generated revenues of $8.5 billion in 2008, equating to 32.5% of the
market's aggregate revenues.
The performance of the market is forecast to accelerate, with an anticipated CAGR of

0.3% for the five-year period 2008-2013, which is expected to drive the market to a
value of $26.6 billion by the end of 2013. Comparatively, the German market will grow
with a CARG of 0.1% and the UK market will change with a CARC of -0.4%,
respectively, over the same period, to reach respective values of $28.7 billion and
$19.5 billion in 2013.

MARKET VALUE
CHAPTER 2 MARKET VALUE
The French motor insurance market grew by -1% in 2008 to reach a value of
$26,151.1 million.
The compound annual growth rate of the market in the period 2004-2008 was 0.2%.
Table 1: France Motor Insurance Market Value: $ million, 2004-2008
Year $ million € million % Growth
2004 25,899.5 17,700.0

2005 26,192.2 17,900.0 1.10%
2006 25,899.5 17,700.0 -1.10%
2007 25,892.2 17,695.0 0.00%
2008 26,151.1 17,872.0 1.00%
CAGR, 2004-2008: 0.2%
Source: Datamonitor DATAMONITOR
Figure 1: France Motor Insurance Market Value: $ million, 2004-2008
$ million % Growth
30,000 1.5%
25,000 1.0%
20,000 0.5%
% Growth
$ million
15,000 0.0%
10,000 -0.5%
5,000 -1.0%
0 -1.5%
2004 2005 2006 2007 2008

MARKET SEGMENTATION I
CHAPTER 3 MARKET SEGMENTATION I
insurance market in 2008, generating 67.5% of the market's overall value.
Sales of commercial motor insurance generated 32.5% of the market's aggregate

value.
Table 2: France Motor Insurance Market Segmentation I: % Share, by

Value, 2008
Category % Share
Personal 67.50%
Commercial 32.50%
Total 100.0%
Figure 2: France Motor Insurance Market Segmentation I: % Share, by

Value, 2008
Commercial
32.5%
Personal
67.5%

MARKET SEGMENTATION II
CHAPTER 4 MARKET SEGMENTATION II
France accounts for 15.9% of the European motor insurance market's value.
In comparison, Italy accounts for a further 18.2% of the regional market's value.
Table 3: France Motor Insurance Market Segmentation II: % Share, by

Value, 2008
Geography % Share
Rest of Europe 25.40%

Italy 18.20%
Germany 17.40%
France 15.90%
United Kingdom 12.10%
Spain 11.00%
Total 100.0%
Figure 3: France Motor Insurance Market Segmentation II: % Share, by

Value, 2008
Spain
11%
Rest of Europe
25.4%
United Kingdom
12.1%
France
15.9% Italy
18.2%
Germany
17.4%

COMPETITIVE LANDSCAPE
CHAPTER 5 COMPETITIVE LANDSCAPE
The motor insurance market will be analyzed taking insurance companies and
brokers as players. The key buyers will be taken as individual consumers, and ICT
and back office suppliers as the key suppliers.
Motor insurance is compulsory in most countries and the market therefore has a very
large volume of customers, policies are usually taken out on an annual basis and
customer switching behavior has increased considerably in recent years.
This is largely due to Internet based insurance brokers and price comparison sites.
Specialized computer systems are needed for certain insurance operations, such as
the "smart systems" used by underwriters to manage risks. Insurers invest
significantly in ICT systems and services, for which they typically have contracts with
large technology providers and outsourcing companies.
The motor insurance market has undergone a period of concentration in recent years
as companies have aimed to increase their economies of scale relating to risk
distribution, which in turn has allowed them to reduce premiums in the face of
growing price competition. The leading players in the motor insurance market
typically form part of large diversified financial service providers, with large assets
and significant geographical influence.
Motor insurance is compulsory, and the market therefore has a very large volume of
customers. Motor insurance policies are usually taken out on an annual basis.
This increases switching costs for consumers, in the sense that they are less likely to
change insurer before the end of their current policy. Despite this, motor insurance is
a highly commoditised product and levels of provider switching are high and customer
loyalty low, with many customers searching for the lowest available premiums.
Switching behavior has increased considerably in recent years aided by Internet-

based insurance brokers and price comparison sites. Overall, buyer power with
respect to the global motor insurance market is moderate.
Suppliers to the motor insurance industry include vendors of ICT equipment and
providers of outsourced back-office services. Specialized computer systems are
needed for certain insurance operations.
For example, underwriters use "smart systems" to manage risks. Insurers invest
significantly in ICT systems, for which they typically have contracts with large
technology providers, and may incur large switching costs in moving to a different
provider.

COMPETITIVE LANDSCAPE
In order to reduce costs and increase operational efficiency, many insurance

companies are outsourcing back-office processing tasks to third party service
providers, some of which are located offshore in regions with lower labor costs.
The nature of outsourcing is such that switching could interrupt operations, therefore
incurring significant costs. The suppliers are very unlikely to forward integrate into
providing motor insurance, so the suppliers and market players are independent from
one another.
Suppliers are also weakened by the fact that there are many potential suppliers of
these goods and services to insurers, and thus competition among them. However,
supplier power is boosted by the ability of providers to differentiate their offering
moderately well. Overall supplier power with respect to the motor insurance market is
moderate to strong.
The French motor insurance market has suffered from a high degree of price
competition in recent years, which has driven down premiums and decreased
profitability, reducing opportunities for the entry of new players.
Furthermore, insurance is a fairly complex financial service, requiring a high degree

of specialized knowledge for risk analysis. Companies require a large customer base
in order to effectively directly distribute risk and companies entering the market
without diversified insurance activities incur significant reinsurance costs.
Despite these barriers to entry, the motor insurance market is highly commoditised,
and companies can enter the market through innovative differentiation strategies as
well as price competition. The increasing dependence on the Internet for sales
provides an easy way for new entrants to access distribution channels. Overall, the
threat of new entrants with respect to the French motor insurance market is moderate
to weak.
Motor insurance within France is compulsory for vehicle owners under the French
motor insurance code, requiring a minimal of third party coverage for every vehicle.
This means that motor insurers face virtually no indirect competition from substitutes.
However, third party insurance is a substitute for more advanced comprehensive
motor insurance coverage. Overall, the threat of substitutes is very weak.
Recently, the motor insurance market has undergone a period of concentration as

companies have aimed to generate economies of scale relating to risk distribution,
which in turn has allowed them to reduce premiums in the face of growing price
competition.
The leading players in the motor insurance market typically form part of large
diversified financial service providers, whose large assets and geographical influence
are conducive to a high degree of rivalry. Overall, rivalry with respect to the French
motor insurance market is strong.

LEADING COMPANIES
CHAPTER 6 LEADING COMPANIES
6.1 AXA Group
Table 4: Key Facts: AXA Group
Address: 25 Avenue Matignon, 75008 Paris, FRA

Telephone: 33 1 4075 5700
Fax: 33 1 4075 5954
Website: www.axa.com
Financial Year-End: December
Ticker: AXA
Stock Exchange: Paris
Source: Company Website DATAMONITOR
AXA provides financial protection and wealth management services to more than 67
million clients around the world. The group is the holding company for a number of
international companies that offer life insurance, property and casualty insurance, and
reinsurance products.
AXA operates through five business divisions: life and savings, property and casualty,
international insurance, asset management, and other financial services. An
additional 'Holding companies' segment includes all non-operational activities.
The life and savings segment provides a range of life and health insurance products
for, both, individuals and corporate clients. The segment principally offers savings-
related products including separate account (unit-linked) products. The life and
savings-related products offered by AXA include term life, whole life, universal life,
endowment, deferred annuities, immediate annuities, variable life and other
investment-based products. These products are offered in the US, Japan, Germany,
the UK, France, Belgium, Germany and Southern Europe. Additionally, the division
also operates in Australia, New Zealand, the Netherlands, Switzerland, Luxembourg,
Turkey, and some countries in Asia. AXA distributes its products through exclusive
and non-exclusive channels that vary from country to country. Exclusive channels
include exclusive agents, salaried sales forces and direct sale operations including
mail, telephone and internet. Non-exclusive channels include brokers, independent
financial advisors, aligned or wholesale distributors and partnerships including
financial institutions, especially banks, and non-financial institutions such as car
dealers.

LEADING COMPANIES
The property and casualty segment provides a range of personal and commercial
insurance products such as automobile, homeowners /household, property and
general liability for both personal and commercial customers. The segment focuses
on small to medium sized companies, and in certain countries also provides health
insurance products.
International insurance operations focus on reinsurance, large risks, and assistance.

The segment primarily operates through AXA Corporate Solutions Assurance that
provides coverage to large national and international corporations that relate to
property damage, third-party liability, marine, aviation and transport, construction risk,
financial risk, and director and officer liability. Another subsidiary, AXA Liabilities
Managers, is the specialized unit in charge of managing AXA's property and casualty
run-off portfolios. AXA Cessions is an intra-group reinsurance company that covers
AXA's major claims and catastrophic exposure. AXA Assistance provides assistance
services including medical aid for travelers, vehicle assistance, home assistance and
health-related services to banking and insurance companies, tour operators,
telecommunication operators, gas, water and electricity utilities and automobile
manufacturers.
The asset management segment operates through its subsidiaries AllianceBernstein

and AXA Investment Managers. These asset management companies manage
assets on the behalf of retail investors, private clients and institutional clients.
The other financial services segment engages primarily in financial activities in

Belgium, Germany and France through AXA Bank Belgium, German Bank and AXA
Banque. AXA Bank Belgium is a subsidiary of AXA Belgium that offers a range of
financial services to individuals and small businesses. AXA Banque also offers retail
banking products including deposit and saving accounts and consumer loans.
German Bank primarily offers asset management, pension services, mortgage loans
and mutual funds.
The holding companies consist of AXA's non-operating companies, including mainly

AXA parent company, AXA France Assurance, AXA Financial, AXA Asia Pacific
Holdings, AXA Germany Holding, AXA Belgium Holding, the Netherlands Holdings,
and AXA UK Holdings.
The group is headquartered in Paris, France and employs 174,935 people.

LEADING COMPANIES
Key Metrics
The group recorded revenues of E91,200 million (approximately US$133,448.4

million) in the financial year ended December 2008, a decrease of 2.6% over 2007.
The net profit was E923 million (approximately US$1,350.6 million) in the financial
year 2008, as compared to E5,666 million (approximately US$8,290.8 million) in
2007.
The Property and Casualty segment accounted for 26 billion (approximately US$38
billion), or 29% of AXA’s consolidated gross revenues for the year ended December
31, 2008 (2007: 27%).
Gross written premiums in Personal Motor Insurance lines totaled E9,053 million
(approximately US$13,246.8 million) in 2008, an increase of 35% as compared to
2007.
Commercial Motor Insurance lines generated gross written premiums of E1,877

million approximately US$2,746.5 million) in 2008 as compared to E1,618 million
(approximately US$2,367.5 million) in 2007.
Table 5: Key Financials: AXA Group
2004 2005 2006 2007 2008

Revenues 105,594.0 104,872.6 115,267.6 137,008.5 133,448.4
Net Income 5,550.1 6,318.3 7,440.6 8,290.8 1,350.6
Profit Margin 5.3% 6.0% 6.5% 6.1% 1.01%
Total Assets 737,007.1 842,794.2 1,064,595.2 1,058,038.4 985,029.5
Total Liabilities 687,429.2 785,306.0 991,186.8 991,252.7 925,770.8
Employees 76,427 76,339 78,800 103,534 174,935
All in $ millions, except for employee numbers and margins
Source: Company Filings DATAMONITOR

LEADING COMPANIES
Figure 4: Revenues & Profitability: AXA Group
Revenues Net Income Profit Margin
160,000.0 7.0%
140,000.0 6.0%
120,000.0
Profit Margin (%)

5.0%
US$ Millions
100,000.0
4.0%
80,000.0
3.0%
60,000.0
2.0%
40,000.0
20,000.0 1.0%
0.0 0.0%
2004 2005 2006 2007 2008
Year

LEADING COMPANIES
6.2 Assurances Generales de France
Table 6: Key Facts: Assurances Generales de France
Address: 87, rue de Richelieu, 75002 Paris, FRA

Telephone: 33 1 44 86 20 00
Fax: 33 1 44 86 42 42
Website: www.agf.fr
Ticker: AGFP
Stock Exchange: Paris
Assurances Generales de France (AGF) is a leading player in the French insurance

and financial services industry. The company is primarily a property and casualty
insurance provider. The company also offers health insurance, life insurance, credit
insurance, travel insurance and assistance, banking, asset management, private
equity and other related financial services. The company is a subsidiary of Allianz.
The Allianz Group now owns more that 92% of AGF's share capital. AGF primarily
operates in Europe, South America, Africa and the Middle East. The company's
products are distributed by tied agents, broker-partners and through various
partnership agreements.
The company has organized its business activities into property and casualty
insurance, life insurance, credit insurance, health insurance, assistance and banking.
AGF mainly underwrites policies in motor vehicle (liability and property damage) and
other property & casualty and liability coverage. These policies are generally for one
year with the exception of certain multi-year policies concerning some technical risks
and construction insurance policies in France covering ten-year guarantees. The
company's subsidiaries operating in this segment include AGF Assurances and AGF
La Lilloise.
The health insurance division includes individual and group accident and healthcare
insurance business of the company. In health insurance the company sells a range of
policies including healthcare policies that assure the repayment of healthcare costs
incurred by the insured and income protection products (in the form of an annuity or
capital sum) in the event of illness, hospitalization or death.
The company's life insurance business includes both individual and group life
policies. AGF offers savings products, products to prepare for retirement and
traditional life insurance (whole life, term life and a combination). The company offers
two types of savings products: unit-linked products and capital guaranteed products.

LEADING COMPANIES
In the unit-linked products the risk is assumed by the policyholder. Some of these
policies include a minimum guaranteed sum in the event of death. Certain capital-
guaranteed products comprise a portfolio made of separate earmarked assets used
as the basis for the calculation of savings remuneration.
The company offers credit insurance through Euler Hermes and travel insurance and
assistance through Mondial Assistance.
In addition to its core insurance business, the company is also involved in asset
management, banking and finance activities. The subsidiaries included in the
segment are AGF Asset Management, AGF Private Equity and Banque AGF. The
company's other activities includes reinsurance.
The company is headquartered in Paris, France and employs about 30,850 people.
Key Metrics
The company recorded net operating revenues of E17,344 million (approximately

US$25,378 million) during the fiscal year ended December 2007, as compared to
E17,341 million (approximately US$25,374 million) in 2006. The net profit was E1,604
million (approximately US$2,347 million) in fiscal year 2007, a decrease of 0.02%
over 2006.

LEADING COMPANIES
6.3 Groupama S.A.
Table 7: Key Facts: Groupama S.A.
Address: 8-10 rue d'Astorg, 75383 Paris cedex 08, FRA

Telephone: 33 1 44 56 77 77
Fax: 33 1 44 56 79 46
Website: www.groupama.com
Groupama is a diversified financial services organization, which is primarily engaged

in insurance and banking business. It offers non-life insurance, life insurance,
pension/retirement products, banking services, asset management and real estate
services. The company operates in Europe, the US, and Asia. Groupama is a parent
company of the Groupama Group. It serves as holding company, owning directly or
indirectly, all the French and international subsidiaries of the group.
The company has organized its businesses into three divisions: life insurance, non-
life insurance and banking.
Groupama's life insurance operations undertake a range of life and health insurance
business. The company offers individual health insurance, provident savings
schemes, retirement plans, individual life insurance, group insurance and employee
savings plans through this division. Groupama is the leading individual health
insurance provider in France through its subsidiary Groupama Sante Active. The
company offers savings product through Groupama Epargne.
The company's non-life insurance (property and liability) activities include motor
insurance, home insurance, agricultural insurance, professional insurance, business
insurance, marine insurance, transport insurance, remote property surveillance and
legal protection.
Groupama offers personal banking services in France through Groupama Banque. It

also offers group banking through Banque Finama.
Banque Finama is a bank which serves the Groupama and Gan networks activities. It
is also active in the commercial banking, treasury, estate and asset management
sectors. The company offers asset management services through Groupama Asset
Management Company.

LEADING COMPANIES
Groupama Asset Management is a French asset manager company. Its affiliated

clients represent most of its assets under management, with the remainder from
French institutional customers. Groupama AM offers international equity products
based on a partnership with Nomura AM for Japanese equities and Northern Trust
Global Investments for US equities.
The company provides private equity functions through Finama Private Equity.
Groupama also offers real estate related services such as home sales and real estate
investments through subsidiary Groupama Immobilier.
The company is headquartered in Paris, France and employs about 13,940 people.

LEADING COMPANIES
Key Metrics
The company recorded revenues of E16,232 million (approximately US$23,751.5

million) during the fiscal year ended December 2008, an increase of 9.3% over 2007.
The net profit was E342 million (approximately US$500.4 million) in fiscal year 2008,
as compared to E793.5 million (approximately US$1,161.1 million) in 20007.
Property & Casualty revenues rose 5.8%. Motor insurance revenues (including fleet)
were 5.4% higher at E1,823 million (approximately US$2,667.5 million), reflecting
solid performances in Spain (11.6% growth, excluding fleet), the UK, Turkey and
Romania. In France motor insurance rose 2.1% to E1,094 million (approximately
US$1,600.8 million).
Table 8: Key Financials: Groupama S.A.
2004 2005 2006 2007 2008

Revenues 19,325.1 20,487.0 16,798.1 21,735.1 23,751.5
Net Income 460.9 576.5 474.1 1,161.1 500.4
Profit Margin 2.4% 2.8% 2.8% 5.3% 2.11%
Total Assets 99,206.9 108,842.4 114,938.3 129,244.5 125,327.4
Total Liabilities 94,650.4 102,423.1 107,499.2 120,585.0 120,675.7
All in $ millions, except for margins
Figure 5: Revenues & Profitability: Groupama S.A.
Revenues Net Income Profit Margin
25,000.0 6.0%
20,000.0 5.0%
Profit Margin (%)
US$ Millions
4.0%
15,000.0
3.0%
10,000.0
2.0%
5,000.0 1.0%
0.0 0.0%
2004 2005 2006 2007 2008
Year

MARKET FORECASTS
CHAPTER 7 MARKET FORECASTS
7.1 Market Value Forecast
In 2013, the French motor insurance market is forecast to have a value of $26,597.2
million, an increase of 1.7% since 2008.
The compound annual growth rate of the market in the period 2008-2013 is predicted
to be 0.3%.
Table 9: France Motor Insurance Market Value Forecast: $ million, 2008-

2013
Year $ million € million % Growth
2008 26,151.1 17,872.0 1.00%

2009 26,777.5 18,300.0 2.40%
2010 26,119.3 17,850.2 -2.50%
2011 26,232.1 17,927.3 0.40%
2012 26,392.7 18,037.0 0.60%
2013 26,597.2 18,176.8 0.80%
CAGR, 2008-2013: 0.3%
Figure 6: France Motor Insurance Market Value Forecast: $ million, 2008-

2013
$ million % Growth
27,000 3.0%
26,800 2.0%
26,600
1.0%
% Growth
$ million
26,400
0.0%
26,200
-1.0%
26,000
25,800 -2.0%
25,600 -3.0%
2008 2009 2010 2011 2012 2013

MACROECONOMIC INDICATORS
CHAPTER 8 MACROECONOMIC INDICATORS
Table 10: France Size of Population (million) , 2004-2008
Year Population (million) % Growth
2004 62.6
2005 62.9 0.60%
2006 63.3 0.60%
2007 63.7 0.60%
2008 64.1 0.60%
Table 11: France GDP (Constant 2000 Prices, $ billion), 2004-2008
Constant 2000
Year Prices, $ billion % Growth
2004 1414.9
2005 1436.1 1.50%
2006 1465.1 2.00%
2007 1492.9 1.90%
2008 1506.4 0.90%
Table 12: France Inflation, 2004-2008
Year Inflation Rate (%) % Growth
2004 2.1
2005 1.8 -17.00%
2006 1.7 -4.80%
2007 1.5 -11.50%
2008 3.3 122.00%

MACROECONOMIC INDICATORS
Table 13: France Exchange Rate, 2004-2008
Year Exchange Rate ($/€)
2004 1.24208
2005 1.24296
2006 1.25466
2007 1.36986
2008 1.46325

APPENDIX
CHAPTER 9 APPENDIX
9.1 Methodology
Datamonitor Industry Profiles draw on extensive primary and secondary research, all
aggregated, analyzed, and cross-checked and presented in a consistent and
accessible style.
Review of in-house databases – Created using 250,000+ industry interviews and

consumer surveys and supported by analysis from industry experts using highly
complex modeling & forecasting tools, Datamonitor’s in-house databases provide the
foundation for all related industry profiles
Preparatory research – We also maintain extensive in-house databases of news,

analyst commentary, company profiles and macroeconomic & demographic
information, which enable our researchers to build an accurate market overview
Definitions – Market definitions are standardized to allow comparison from country to

country. The parameters of each definition are carefully reviewed at the start of the
research process to ensure they match the requirements of both the market and our
clients
Extensive secondary research activities ensure we are always fully up-to-date with
the latest industry events and trends
Datamonitor aggregates and analyzes a number of secondary information sources,

including:
- National/Governmental statistics
- International data (official international sources)
- National and International trade associations
- Broker and analyst reports
- Company Annual Reports
- Business information libraries and databases
Modeling & forecasting tools – Datamonitor has developed powerful tools that
allow quantitative and qualitative data to be combined with related macroeconomic
and demographic drivers to create market models and forecasts, which can then be
refined according to specific competitive, regulatory and demand-related factors
Continuous quality control ensures that our processes and profiles remain focused,
accurate and up-to-date

APPENDIX
9.2 Industry Associations
French Federation of Insurance Companies

26, boulevard Haussmann, FR - 75311 Paris Cedex 09, France
33 1 4247 9000
33 1 4247 9311
http://www.ffsa.fr
9.3 Related Datamonitor Research
Datamonitor Industry Profiles
Motor Insurance in Spain

Motor Insurance in Italy
Motor Insurance in Canada
Motor Insurance in China
Motor Insurance in Belgium
Motor Insurance in the Netherlands
Motor Insurance in the United States
Global Motor Insurance
Motor Insurance in Europe
Motor Insurance in Asia-Pacific
Motor Insurance in Japan


Datamonitor Motor Insurance in France

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Datamonitor Motor Insurance in France

Uploaded by

Copyright:

Available Formats

Motor Insurance in

Reference Code: 0164-0153

Datamonitor is a leading business information company specializing in industry

Through its proprietary databases and wealth of expertise, Datamonitor provides

All Rights Reserved.

France - Motor Insurance

The French motor insurance market grew by 1% in 2008 to reach a value of

Market Value Forecast

France - Motor Insurance

CHAPTER 1 Market Overview 6

1.1 Market Definition 6

1.2 Research Highlights 6

1.3 Market Analysis 7

CHAPTER 2 Market Value 8

CHAPTER 3 Market Segmentation I 9

CHAPTER 4 Market Segmentation II 10

CHAPTER 5 Competitive Landscape 11

CHAPTER 6 Leading Companies 13

6.1 AXA Group 13

6.2 Assurances Generales de France 17

6.3 Groupama S.A. 19

CHAPTER 7 Market Forecasts 22

7.1 Market Value Forecast 22

CHAPTER 8 Macroeconomic Indicators 23

9.2 Industry Associations 26

9.3 Related Datamonitor Research 26

France - Motor Insurance

Table 1: France Motor Insurance Market Value: $ million, 2004-2008 ..............................8

Table 2: France Motor Insurance Market Segmentation I: % Share, by Value, 2008........9

Table 4: Key Facts: AXA Group......................................................................................13

Table 5: Key Financials: AXA Group ..............................................................................15

Table 6: Key Facts: Assurances Generales de France...................................................17

Table 7: Key Facts: Groupama S.A. ...............................................................................19

Table 8: Key Financials: Groupama S.A.........................................................................21

Table 10: France Size of Population (million) , 2004-2008 ...............................................23

Table 12: France Inflation, 2004-2008 ..............................................................................23

Table 13: France Exchange Rate, 2004-2008 ..................................................................24

France - Motor Insurance

CHAPTER 1 MARKET OVERVIEW

1.1 Market Definition

1.2 Research Highlights

The performance of the market is forecast to accelerate, with an anticipated CAGR of

France - Motor Insurance

1.3 Market Analysis

The performance of the market is forecast to accelerate, with an anticipated CAGR of

France - Motor Insurance

CHAPTER 2 MARKET VALUE

Table 1: France Motor Insurance Market Value: $ million, 2004-2008

Year $ million € million % Growth

2004 25,899.5 17,700.0

CAGR, 2004-2008: 0.2%

Source: Datamonitor DATAMONITOR

Figure 1: France Motor Insurance Market Value: $ million, 2004-2008

Source: Datamonitor DATAMONITOR

France - Motor Insurance

CHAPTER 3 MARKET SEGMENTATION I

Sales of commercial motor insurance generated 32.5% of the market's aggregate

Table 2: France Motor Insurance Market Segmentation I: % Share, by

Source: Datamonitor DATAMONITOR

Figure 2: France Motor Insurance Market Segmentation I: % Share, by

Source: Datamonitor DATAMONITOR

France - Motor Insurance

CHAPTER 4 MARKET SEGMENTATION II