France

Axco provides details on the life insurance sector including French market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.

The report describes the public and private healthcare system in France, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.

Axco reports on the three pillars of French pension provision.

• State pension benefits including benefit calculations and eligibility criteria 
• Workplace pension provision; types of schemes calculations eligibility and; tax implications
• Voluntary individual pension provision, type of products and tax implications

The France report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

• state pensions,
• permanent disability benefit
• occupational accident and disease
• maternity and paternity payments 

The French life market comprises both individual and group covers provided through insurers. Life insurance can be divided between "assurances en cas de vie" - payments in the event of life/survival, including endowments and "assurances en cas de deces", payments in the case of death, including term, whole life and funeral insurance; capitalisation contracts have a small part of the market. In general parlance, life insurance in France refers to the long-term savings product which is the largest part of the market, and quite popular. In addition, life insurers provide particular ....

France has a three-pillar pension system. The first pillar comprises the state social security pension (which is planned to be reformed) and mandatory complementary pensions for private sector executives and other workers, known as AGIRC-ARRCO, following the merger from 1 January 2019.

The second pillar, supplementary occupational plans, historically consisted of: defined contribution (DC) group insurance contracts (Article 83 plans); defined benefit (DB) plans; and hybrid arrangements ....

Unlike other healthcare systems, the French system operates on a reimbursement basis, by means of which a large part of the costs are met by the state complemented by insurance to meet the outstanding part of the costs not covered and personal expenditure.

Since January 2016 all employers have been required to provide a minimum level of complementary medical insurance cover; above this, employers may offer supplementary medical insurance ....