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APRIL 23, 2021 10:12 AM (EDT)

Best's Market Segment Report: AM Best Maintains Stable Outlook on French Non-Life Insurance Segment


CONTACTS:
 Morgane Hillebrandt
Financial Analyst
+31 20 308 5422
morgane.hillebrandt@ambest.com

Pierre Tournier
Associate Director, Analytics
+31 20 308 5423
pierre.tournier@ambest.com
Richard Banks
Director, Industry Research – EMEA
+44 20 7397 0322
richard.banks@ambest.com

Edem Kuenyehia
Director, Market Development & Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

FOR IMMEDIATE RELEASE

AMSTERDAM - APRIL 23, 2021 10:12 AM (EDT)
AM Best has maintained a stable market segment outlook on the French non-life insurance segment.

AM Best believes that the French non-life segment’s resilient operating fundamentals have enabled it to withstand the challenging macroeconomic environment. While some uncertainties linked to the effects of the COVID-19 pandemic remain, AM Best expects French non-life insurers will successfully navigate these headwinds.

Factors that support AM Best’s stable outlook on the French non-life segment in 2021 include the expected economic recovery, which should support insurers’ top-line growth, as well as the segment’s strong risk-adjusted capitalisation.

A new Best’s Market Segment Report, “Market Segment Outlook: France Non-Life Insurance”, notes AM Best could revise its outlook on the French non-life segment to negative if a further deterioration in economic conditions leads to significant volatility in investment performance, or if technical profitability deteriorates.

To access a complimentary copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=307995 .

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City