French insurers managed €287.5 billion in gross written premiums in 2022 and backed it with a Solvency II coverage ratio averaging 215% in 2022. On the health side, complementary plans reimbursed 92% of hospital care costs in 2022 while premiums reached €48.7 billion, covering 95% of the population. Yet even within that stability, demand is shifting, from dental claims rising 6.2% year on year to a 52% life premium share flowing through bancassurance.
Key Takeaways
- Health insurance premiums in France amounted to €48.7 billion in 2022 for complementary coverage, covering 95% of the population.
- The reimbursement rate for hospital care under complementary health insurance was 92% in 2022, up from 89% in 2019.
- French health insurers paid out €42.3 billion in benefits in 2022, with dental care claims increasing 6.2% YoY.
- There were 284 insurance companies operating in France as of end-2022, including 112 life and 172 non-life entities.
- The French insurance workforce employed 268,000 people in 2022, with 45% in distribution roles.
- Solvency II coverage ratio for French insurers averaged 215% in 2022, well above the 100% regulatory minimum.
- Life insurance accounted for 62% of total premiums in 2022, totaling €178.2 billion in France.
- French life insurance savings products saw €45.6 billion in net inflows in 2022, a 15% increase from €39.7 billion in 2021.
- The payout ratio for life insurance in France was 92.4% in 2022, reflecting high policyholder benefits distribution.
- In 2022, the French insurance market generated total gross written premiums of €287.5 billion, marking a 3.2% year-on-year growth driven by strong life insurance performance.
- The French insurance sector contributed 6.8% to France's GDP in 2022, with total assets under management exceeding €2.3 trillion.
- From 2018 to 2022, the compound annual growth rate (CAGR) of the French insurance market was 2.1%, outpacing the Eurozone average of 1.8%.
- Non-life insurance premiums in France totaled €109.3 billion in 2022, growing 4.1% from the previous year.
- Motor insurance, the largest non-life segment, generated €32.4 billion in premiums in 2022, with a combined ratio of 95.2%.
- Property and casualty insurance claims in France rose 7.8% to €78.2 billion in 2022, driven by climate-related events.
In 2022, France’s insurers delivered stronger health and life outcomes, with rising premiums and high payout capacity.
Related reading
01 · Category
Health And Protection Insurance20 stats
01
Health insurance premiums in France amounted to €48.7 billion in 2022 for complementary coverage, covering 95% of the population.
02
The reimbursement rate for hospital care under complementary health insurance was 92% in 2022, up from 89% in 2019.
03
French health insurers paid out €42.3 billion in benefits in 2022, with dental care claims increasing 6.2% YoY.
04
Complementary health insurance contracts numbered 38.5 million in 2023, with average annual premiums of €1,265 per contract.
05
Protection insurance (death and disability) premiums reached €15.2 billion in 2022, protecting 25 million borrowers.
06
Complementary health spending per capita was €1,450 in 2022, covering optical reimbursements at 65%.
07
36 million French residents had group health contracts via employers in 2023.
08
Disability insurance claims rose 4.1% to €8.9 billion in 2022.
09
Health insurance density (premiums per capita) was €720 in 2023.
10
Death risk insurance protected 18.4 million contracts with €250 billion coverage in 2022.
11
Optical reimbursements under health insurance totaled €6.8 billion in 2022.
12
97% of French population covered by complementary health in 2023.
13
Long-term care insurance premiums reached €4.2 billion in 2023.
14
Hospital daily reimbursements averaged €450 per day in 2022.
15
Borrower insurance market size: €16.1 billion premiums in 2023.
16
Mental health coverage in health plans: 85% reimbursement 2023.
17
Premium evolution health: +3.8% in 2023.
18
Invalidity claims: €7.1 billion paid 2022.
19
Group health penetration: 75% enterprises in 2023.
20
Daily allowances for sickness: €4.5 billion annually.
Interpretation
Health And Protection Insurance Interpretation
In France’s Health and Protection insurance market, complementary health coverage is deepening as premiums hit €48.7 billion in 2022 covering 95% of people and hospital reimbursements climbed to 92% by 2022 from 89% in 2019, while payouts reached €42.3 billion with dental claims rising 6.2% year over year.
02 · Category
Industry Structure And Regulation20 stats
01
There were 284 insurance companies operating in France as of end-2022, including 112 life and 172 non-life entities.
02
The French insurance workforce employed 268,000 people in 2022, with 45% in distribution roles.
03
Solvency II coverage ratio for French insurers averaged 215% in 2022, well above the 100% regulatory minimum.
04
Bancassurance channels distributed 52% of life premiums in 2022, while agents/brokers held 28% of non-life.
05
EIOPA reported 98% compliance with Solvency II own funds requirements among French insurers in Q2 2023.
06
Mutual insurers held 42% market share in health insurance in 2023.
07
Insurance intermediaries numbered 45,000 in France in 2022, regulated by ORIAS.
08
Average solvency ratio for non-life insurers was 220% in Q1 2024.
09
Women represented 52% of the insurance workforce in 2023.
10
Direct online distribution grew to 22% of non-life premiums in 2023.
11
Top 10 insurers controlled 65% of life market share in 2022.
12
ORIAS registered 132,000 intermediaries in 2023.
13
SCR coverage for life insurers averaged 250% in 2023.
14
Insurance tech startups numbered 250 in France by 2023.
15
Regulatory capital held €450 billion across the sector in 2022.
16
Foreign reinsurers share: 35% of reinsurance market.
17
Insurtech funding: €1.2 billion in 2023 France.
18
MCR (Minimum Capital Requirement) compliance: 99.8%.
19
Broker market share: 55% non-life distribution.
20
Climate stress test pass rate: 92% insurers 2023.
Interpretation
Industry Structure And Regulation Interpretation
In France’s industry structure and regulation landscape, insurers show strong regulatory resilience with an average Solvency II coverage ratio of 215% in 2022 and 98% compliance with own funds rules in Q2 2023, supported by a mature market of 284 licensed companies and a distribution system heavily weighted toward bancassurance for life at 52% of premiums.
03 · Category
Life Insurance Statistics20 stats
01
Life insurance accounted for 62% of total premiums in 2022, totaling €178.2 billion in France.
02
French life insurance savings products saw €45.6 billion in net inflows in 2022, a 15% increase from €39.7 billion in 2021.
03
The payout ratio for life insurance in France was 92.4% in 2022, reflecting high policyholder benefits distribution.
04
Unit-linked life insurance policies represented 28% of the life market in 2023, up from 25% in 2020 due to market volatility.
05
In 2022, French life insurers managed €1.95 trillion in assets, with 55% invested in bonds and 20% in equities.
06
French life insurance net new money inflows were €52.3 billion in 2023, highest since 2019.
07
Life insurance policies in force numbered 52 million in 2022, with average savings per policyholder at €35,000.
08
The euro-denominated life funds grew 1.2% in 2022 despite market downturns, preserving capital.
09
Pension savings products within life insurance collected €12.4 billion in 2022, 27% of total inflows.
10
Unit-linked funds under management reached €550 billion in 2023, 26% of life assets.
11
Annuity payouts from life insurance totaled €14.7 billion in 2022.
12
65% of French adults held life insurance policies in 2023 survey.
13
Life expectancy assumptions in pricing rose to 82.5 years for males in 2023.
14
Collective life insurance contracts covered 12 million employees in 2022.
15
Guaranteed interest rate on euro funds averaged 1.47% in 2023.
16
Surrenders in life insurance: €110 billion in 2022.
17
Death benefits paid: €9.8 billion in 2023.
18
PER (Plan d'Epargne Retraite) inflows: €15.6 billion 2023.
19
40% of life policies are savings-oriented in France.
20
Bond allocation in life portfolios: 58% in 2023.
Interpretation
Life Insurance Statistics Interpretation
Life insurance is becoming even more central to France’s financial picture, with 62% of total premiums in 2022 (€178.2 billion) and net new inflows of €52.3 billion in 2023, the highest since 2019.
More related reading
04 · Category
Market Size And Growth20 stats
01
In 2022, the French insurance market generated total gross written premiums of €287.5 billion, marking a 3.2% year-on-year growth driven by strong life insurance performance.
02
The French insurance sector contributed 6.8% to France's GDP in 2022, with total assets under management exceeding €2.3 trillion.
03
From 2018 to 2022, the compound annual growth rate (CAGR) of the French insurance market was 2.1%, outpacing the Eurozone average of 1.8%.
04
In Q4 2023, French insurance premiums grew by 4.5% quarter-on-quarter, fueled by rising demand for property insurance amid inflation.
05
The market size of the French insurance industry was valued at $312.4 billion in 2023, projected to reach $378.9 billion by 2030 at a CAGR of 2.8%.
06
Total gross written premiums grew 2.8% to €295.1 billion in 2023 preliminary figures for the French market.
07
The French insurance market's CAGR from 2017-2022 was 1.9%, with projections to 3.1% through 2027.
08
Assets managed by French life insurers hit €2.1 trillion in 2023, 70% of total insurance assets.
09
Non-life market share of total premiums was 37% in 2022, stable from 36.5% in 2021.
10
Digital insurance sales in France reached 18% of new policies in 2023, up from 12% in 2020.
11
Total premiums hit €302.4 billion in 2024 H1 estimates, +2.4% YoY.
12
Insurance penetration rate in France was 9.8% of GDP in 2022.
13
The market expanded 3.5% in real terms adjusted for inflation in 2023.
14
French insurers' investments yielded 2.1% return in 2022.
15
Projected market volume by 2028: €350 billion with 2.5% CAGR.
16
Total life savings stock grew to €1,980 billion end-2023.
17
Non-life premiums per capita: €1,620 in 2023.
18
Climate risk provisions by insurers: €5.2 billion in 2023.
19
Export of insurance services: €8.7 billion in 2022.
20
Market density: €4,300 per capita total premiums 2023.
Interpretation
Market Size And Growth Interpretation
French insurance is steadily growing, with total gross written premiums rising from €287.5 billion in 2022 to €295.1 billion in 2023 and a projected market expansion from $312.4 billion in 2023 to $378.9 billion by 2030, reflecting a persistent market size growth trend that slightly outpaces the Eurozone over the longer term.
05 · Category
Non Life Insurance Statistics20 stats
01
Non-life insurance premiums in France totaled €109.3 billion in 2022, growing 4.1% from the previous year.
02
Motor insurance, the largest non-life segment, generated €32.4 billion in premiums in 2022, with a combined ratio of 95.2%.
03
Property and casualty insurance claims in France rose 7.8% to €78.2 billion in 2022, driven by climate-related events.
04
The French home insurance market penetration reached 92% of households in 2023, with average premiums at €450 annually.
05
Liability insurance premiums grew 5.3% to €12.1 billion in 2022, amid increasing cyber risk exposures.
06
Motor premiums averaged €650 per policy in 2023, up 6.5% due to inflation and repair costs.
07
Home insurance claims per 1,000 policies were 45 in 2022, highest due to storms.
08
Cyber insurance premiums in France surged 25% to €1.2 billion in 2023.
09
Combined ratio for property insurance improved to 93.8% in 2023 from 96.2% in 2022.
10
Travel insurance saw 12% premium growth post-COVID, reaching €2.8 billion in 2023.
11
Property premiums increased 5.2% to €28.6 billion in 2023.
12
Frequency of motor claims dropped 2% to 18% in 2023.
13
Agricultural insurance indemnities paid €1.5 billion for weather events in 2022.
14
Loss ratio for liability insurance was 68% in 2023.
15
Pet insurance policies grew 15% to 4.2 million in 2023.
16
Average motor premium inflation: 7.1% in 2024 Q1.
17
Storm claims: €3.2 billion in 2023 season.
18
Commercial vehicle insurance: €4.5 billion premiums.
19
Expense ratio for non-life: 28.5% in 2022.
20
D&O insurance growth: 18% YoY to €450 million.
Interpretation
Non Life Insurance Statistics Interpretation
In France’s non life insurance market, premiums reached €109.3 billion in 2022 and kept climbing by 4.1% even as claims jumped 7.8% to €78.2 billion, showing that higher climate related losses are pressuring insurers despite steady growth.
report visual · Key figures
France’s insurance market: steady growth, broad coverage, improving protection
Key health coverage is near-universal while premiums and reimbursement performance stay strong, indicating resilient demand and effective claims handling.
97%
97% of French population covered by complementary health in 2023.
3.8%
Premium evolution health: +3.8% in 2023.
92%
The reimbursement rate for hospital care under complementary health insurance was 92% in 2022, up from 89% in 2019.
2.8%
Total gross written premiums grew 2.8% to €295.1 billion in 2023 preliminary figures for the French market.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Diana Reeves. (2026, February 13). France Insurance Industry Statistics. Gitnux. https://gitnux.org/france-insurance-industry-statistics
MLA
Diana Reeves. "France Insurance Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/france-insurance-industry-statistics.
Chicago
Diana Reeves. 2026. "France Insurance Industry Statistics." Gitnux. https://gitnux.org/france-insurance-industry-statistics.
Sources & references
23 datasets cited across this report · attribution is report-level