Statistics from the French Association of Insurance (AFA) shows an 8% drop in insurance premiums by the end of April, for the French market.
This poor performance is mainly due to a decline in life insurance since the beginning of this year compared to last year (-13% compared to April 2010).
These poor results cause a decrease in personal insurance (-12%). However, there was a stabilisation in health insurance premiums “due to the transformation of the CMU in tax contribution from 1 January 2011, ” said the AFA.
Rising property insurance and liability
Unlike life insurance and persons, property insurance and liability rose early this year (8% in late April). This increase is the result of rising car coverage (+4%) and housing (+6.5%) characterised by an increase in prices since the beginning of the year.
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