Ireland Insurance Report Q2 2016
BMI View: The growth of Ireland's insurance sector will be supported by the strength of the local economyand robust levels of household spending, as well as the ability of Irish-based insurers to grow their businessinternationally. Personal insurance products such as motor vehicle and life insurance should benefit froman expansion in household spending, while an improving business climate should also support demand forgeneral liability and other corporate lines. However, the Irish competitive landscape remains fierce andthis will continue. Competition will remain robust, placing downward pressure on premiums.Latest Updates And Developments
Irish Life's takeover of Aviva Health will lead to minor consolidation in the health insurance subsector,though we do not expect it to impact the company's life insurance branch and therefore will notimmediately lead to life market consolidation and lower competition.
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