Pressure on personal insurance shrinks local market

Life insurance was also down at 10.6% in 2007 in the face of strong competition from shorter-term products

The total French non-life insurance market (including personal classes as well as property and liability classes) shrank by 6.2% last year, to €183.6bn (US$238.4bn), according to provisional figures from the French insurers’ association Federation Francaise des Societes d’Assurances (FFSA). In 2007 the French insurance market totalled €195.8bn.