June 09, 2016
Competency (Learn more)
Long Term Care Insurance Section
The need for long-term care (LTC) is a widely recognized risk among France's population of 66 million, its national and regional governments and its regulators. Over seven million people are covered through individual and group insurance policies. The elderly population is also covered by a national long-term care social insurance program.
Many insurance companies offer a wide spectrum of LTC insurance, and none of them has left the market. While the sales of new policies are rather flat, the steep decline in new sales experienced in the United States has not occurred in France.
This webcast will cover the French LTC insurance environment by presenting its unique set of products and a distribution system characterized by a wide use of bancassurance.
In January 2016, Solvency II came into effect, and French insurance companies have studied for several years the impact that this risk-based capital requirement has on their LTC insurance portfolios.
The French insurance regulatory environment is very different from that of the United States, and European Union regulations and laws also have a major impact on the LTC market in France.
The topics will be covered by two actuaries, Néfissa Sator and Khedija Abdelmoula, who each have broad LTC insurance experience.