French market buoyed by 19% increase in life insurance sales

Business totalled €142bn in first nine months of 2006 • S&P revises risk rating of Swiss life insurance sector to moderate

Life insurance has again driven growth in the French insurance market in the first three quarters of this year. Figures from the insurers’ federation Federation Francaise des Societes d’Assurances (FFSA) show that the whole market grew by 14%, while life and capitalisation business grew by 19%, accident and health business increased by 9%, and property and liability business was up by 2%.