France Insurance Market Trends & 2017 Opportunities: Life, Non-life And Reinsurance Industry Analysis

France’s Persistent Role in Africa: The Other ‘Indispensable Nation’?

France’s CNIL (Commission nationale de l’informatique et des libertes) said it will initiate “a formal procedure for imposing sanctions, according to the provisions laid down in the French data protection law.” The CNIL had given Google three months to make changes to its privacy policy. On the final day before the deadline, Google contested the request, “notably the applicability of the French data protection law to the services used by residents in France,” CNIL said. As a result, the changes were not made, and CNIL made good on its sanction threat. At issue is an update to Google’s privacy policy that went into effect on March 1, 2012 . The revamp consolidated 70 or so privacy policies across Google’s products down to one. But with this change, Google also switched to one profile for users across all services rather than separate logins for offerings like YouTube, Search, and Blogger. It’s that account consolidation bit that had privacy advocates up in arms. In early Feb. 2012, the EU’s Article 29 Working Party asked Google to “pause” its privacy policy update, but Google declined. By October, CNIL issued several recommendations that covered how Google might improve its privacy policies, but Google did not make any changes. In Feb. 2013, CNIL criticized Google for not responding to its privacy-related inquiries in a timely fashion. In April, it announced plans to crack down on Google, and by June, it threatened sanctions and imposed the three-month deadline. Google did not immediately respond to a request for comment, but has consistently argued that it does not believe its revamped privacy policy runs afoul of any privacy rules.

Global power shifts that come to mark much of the last two decades have cemented Frances role in Africa rather than pushing it into history During the 1990s, however, the special relationship with Africa was felt to be outdated and the large military footprint was seen more as a liability than an asset. Sure, it provided France with international standing and reputation, but Paris, too, sensed it was time to move on. When Nicolas Sarkozy first ran for presidential office, he promised an end to the francafrique. That promise came shortly after the government led by Jacques Chirac had intervened in the Ivory Coast, where contested results of democratic elections threatened to unravel the tenuous security in the Gulf of Guinea nation. Despite all promises otherwise, France remained an African power. Ironically, the global power shifts that come to mark much of the last two decades have cemented Frances role in Africa rather than pushing it into history. The rise of the BRICS, and Brazil and India in particular, has created new world leaders willing to take the reigns from Portugal and Britain and these two countries are happy to pass the responsibility for their legacies on. Brazil is already investing heavily in the formerly Portuguese countries, particularly in Angola, and India has long had an intense relationship with the former British colonies in Eastern Africa, cemented by a huge Indian diaspora living along the eastern African coast. One might recall the more controversial time a certain Mahatma Gandhi spent in South Africa. In the francophone sphere, however, there is no natural heir of the French-speaking world. Inadvertently, however, the rise of these emerging powers makes Frances interest in strengthening the influence of francophone countries in Africa more difficult to achieve. And if that would not be bad enough, it is the francophone countries that often have the worst governance record of all African states.

Pension policies accounted for 82.3% of the segment’s premiums in 2012. Bancassurance dominated the life insurance distribution network. The channel accounted for an average share of 60.6% of the total review-period life insurance commission paid. Complete report Life Insurance in France, Key Trends and Opportunities to 2017 is available at . (Photo: ) France has a large and well-developed domestic reinsurance segment, with the reinsurance premium valued at EUR16.4 billion (US$21.0 billion) in 2012. There were 19 reinsurers operating in France at the end of 2011. International reinsurers such as Munich Re, Swiss Re and Berkshire Hathaway dominated the segment. Despite slow growth in the insurance industry, the reinsurance segment increased at a review-period CAGR of 4.9%. Complete report Reinsurance in France, Key Trends and Opportunities to 2017 is available at . Non-life insurance accounted for 24.5% of the French insurance industry’s written premium in 2012, making it the second segment in the industry after life insurance segments, which accounted for 65.5% of overall written premiums in 2012. The segment grew in written premium value from EUR43.7 billion (US$64.3 billion) in 2008 to EUR47.5 billion (US$61.1 billion) in 2012, at a review-period CAGR of 2.1%.