France's "European Times" (Nouvelles d'Europe), citing AFP, reported on 6 December that several insurers and research firms predict French motor and home insurance premiums will continue to rise in 2018.

　　Consultancy Facts & Figures predicts French motor insurance premiums will rise between 2% and 3% in 2018. Loan broker Meilleurtaux estimates motor premiums will rise 3% and home insurance premiums 2%. Insurer MACSF predicts home insurance premiums will rise 5%, while new motor insurance contracts will be 2% higher and existing contracts unchanged.

　　The report said French motor and home insurance premiums have risen for several consecutive years, mainly due to rising repair costs. For motor insurance, the increases are mainly driven by the frequent rise in auto parts prices, followed by higher personal injury compensation for people injured or disabled in car accidents. Home insurance premiums rose sharply for many years before the pace of increases gradually slowed from 2016, but they will still increase along with rising renovation labour costs.

Source: Huanqiu.com 2017-12-12