FRANCE Trends and Developments Contributed by: Martine Samuelian, Olivier Lyon Lynch and Hugues Vaysset, Jeantet
Conclusion Carrying out insurance or reinsurance activities in France requires taking into account increased compli- ance with revised Solvency II (proportionality, liquidity, sustainability, reporting and auditing), the implementa- tion of DORA (ICT governance, register and notifica- tions), the demonstration of robust value for money, and paying particular attention to the compliance of the distribution system. Buoyed by favourable macroeconomic indicators, the French market remains attractive but calls for greater maturity in terms of sustainability risks and enhanced operational and commercial discipline. The ACPR’s detailed expectations in terms of best practices pro- vide a concrete roadmap for sustainable and compli- ant implementation.
onstrating its ongoing vigilance with regard to insur- ance companies. On-site inspections highlighted an increase in controls targeting non-life insurance products, particularly in terms of product design, marketing, and information provided to policyholders. This development reflects an increased focus on operational risks and consumer protection in these segments. At the same time, the fight against money laundering and terrorist financing (AML-CFT) remains a priority and constant theme of the ACPR’s inspections. Vigi- lance, customer knowledge and suspicious transac- tion reporting systems continue to be subject to in- depth review. Finally, 2025 saw new sanctions imposed by the DGCCRF ( Direction générale de la concurrence, de la consummation et de la repression des frauds ), which penalised four banks for violating the legal deadlines in the process of substituting borrower insurance.
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