Market Insights Financial Insurances Non-life insurances

Health insurance - France

France

The Health insurance market market in France is expected to reach a projected market size (gross written premium) of €17.36bn in 2024.
In that same year, the average spending per capita in the Health insurance market market is estimated to be €267.50.
It is anticipated that the gross written premium will experience an annual growth rate (CAGR 2024-2028) of 3.86%, leading to a market volume of €20.20bn by 2028.
When compared globally, the United States is expected to generate the highest gross written premium, amounting to €1,490.0bn in 2024.
France's health insurance market is characterized by a strong emphasis on universal coverage and a robust public health system.

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Analyst Opinion

The Health insurance market in France is experiencing significant growth and evolution.

Customer preferences: Customers in France are increasingly seeking comprehensive health insurance coverage that includes a wide range of services such as preventive care, specialist consultations, and hospital stays. There is a growing demand for customizable insurance plans that cater to individual needs and preferences, reflecting a trend towards personalized healthcare solutions.

Trends in the market: One notable trend in the French health insurance market is the rise of digital health insurance platforms that offer convenient access to services such as telemedicine consultations, prescription refills, and appointment scheduling. This digital transformation is driven by the need for efficient and user-friendly healthcare solutions, especially in light of the COVID-19 pandemic. Additionally, there is a growing focus on wellness programs and preventive care initiatives aimed at promoting healthy lifestyles and reducing healthcare costs in the long run.

Local special circumstances: France has a universal healthcare system that provides basic coverage to all residents, but there is an increasing trend towards supplementary private health insurance to fill the gaps in the public system. Private health insurance in France often covers additional services and amenities not included in the national healthcare plan, such as private hospital rooms and alternative therapies. This dual system of public and private insurance creates opportunities for insurance providers to offer specialized products that cater to specific needs and preferences of the population.

Underlying macroeconomic factors: The evolving regulatory landscape in France, including changes in healthcare policies and insurance regulations, is shaping the dynamics of the health insurance market. Government initiatives aimed at improving healthcare access and quality are driving innovation and competition among insurance providers. Economic factors such as rising healthcare costs, demographic changes, and increasing consumer awareness of health issues are also influencing the development of the health insurance market in France.

Methodology

Data coverage:

Data encompasses B2B and B2C enterprises. Figures are based on gross written premium, gross written premium per capita, gross claim payments, loss ratio, and distribution channels.

Modeling approach / Market size:

Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market layer. As a basis for evaluating markets, we use industry associations, national statistic offices, and international organizations, such as OECD. Next we use relevant key market indicators and data from country-specific associations such as insurance consumer spending, gross domestic product, insurance - consumer price index (CPI), population growth. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing and HOLT-linear. The main drivers are insurance consumer spending and insurance - consumer price index (CPI).

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.