[PDF] French insurance intermediaries

How many insurance brokers are there in France?

In December 2019, there were 24 988 insurance or reinsurance brokers in France, which, according to the ORIAS report, is a 2% increase compared to 2018. The general agent exercises a liberal profession, being the representative or exclusive agent of one or more insurance companies. There are 11 406 general agents in France in 2019.

Who regulates insurance in France?

In France all insurance companies are regulated by the The French Prudential Supervision and Resolution Authority (Autorité de contrôle prudentiel et de résolution - ACPR) which is a specific set of laws governing the rights and obligations of insurance, the insured and insurers. The policy is called a contract and must be treated as such.

Does your broker have errors and omissions insurance?

Second, it is important for clients who work with small-or medium-sized brokers to con-firm that the broker has sufficient errors and omissions insurance to be able to pay a mal-practice claim.

How important is the relationship with an insurance broker?

The relationship with an insurance broker is every bit as important as those with suppliers and others with whom the client will ordinar-ily have a written contract. A services agreement with your broker can go a long way toward en-suring a satisfactory relationship.