Non-admitted insurance: Prohibited; however, non-admitted insurance is allowed for any EU insurer.

Premium taxes paid by insured: Property and fire:7%; other perils: 9%; general, public, product liability: 9%; marine: 19%; D&O: 9%.

Regulator: Established in 2003, l’Autorité de Contrôle des Assurances et des Mutuelles (ACAM), the French insurance and mutual control authority, regulates all insurance companies in France.

Overview: Led by Nicolas Sarkozy, the French government is attempting to move the economy to a more market-based system.

Overall risk rating: very low