Life insurance market feels the force of stock market fall

While French insurers have not been caught up in the subprime crisis, they have suffered from the fall in stock markets

The business transacted by admitted insurers in France dropped by 1.3% to €213.2bn ($336.6bn) last year, according to figures from the country’s insurers’ association Federation Francaise des Societes d’Assurances (FFSA).