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Ireland Insurance Report Q2 2015


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Ireland Insurance Report Q2 2015

BMI View: Overall we anticipate moderate growth over 2015, however, we would highlight that the effects of the devaluation of the euro against the US dollar will have longer term implications with regards to economic growth and the trade outlook. For the short term, premium values in USD will see a steep downturn, while the Euro valuations will see incremental growth. In particular we anticipate a strong uptick in motor premiums as the sale of passenger vehicles continues to rise, while health and accident lines will see the largest contraction.

Ireland will remain the fastest growing eurozone economy in 2015, with domestic demand set to play an increasingly significant role driving growth. The economy will also continue to benefit from the country's limited exposure to eurozone demand and attractive operating environment for multinationals. Not only will this support additional interest from insurers, but the economic growth will also spur rising premiums as cash strapped households are less likely to purchase perceived non-essentials such as insurance policies. In addition, the reduction in the oil process will feed through to vehicle users, further augmenting available funds for households.


BMI Industry View
SWOT
Political
Economic
Industry Forecast
Total Premiums Forecast
Total Premiums
Table: Total Gross Premiums Written (Ireland 2012-2019)
Table: Total Net Premiums Written (Ireland 2012-2019)
Reinsurance Premiums
Table: Total Reinsurance Premiums Written (Ireland 2012-2019)
Total Claims
Table: Total Insurance Claims (Ireland 2007-2013)
Insurers' Assets
Table: Total Insurance Assets (Ireland 2007-2013)
Life Premiums Forecast
Gross Life Premiums
Table: Gross Life Premiums Written (Ireland 2012-2019)
Table: Net Life Premiums Written (Ireland 2012-2019)
Life Reinsurance Premiums
Table: Reinsurance Life Premiums Written (Ireland 2012-2019)
Life Claims
Table: Life Insurance Claims (Ireland 2007-2013)
Life Insurers' Assets
Table: Assets (Ireland 2007-2013)
Life Insurance Drivers
Table: Insurance Key Drivers, Disease Adjusted Life Years (Ireland 2012-2019)
Table: Insurance Key Drivers, Private Health Expenditure (Ireland 2012-2019)
Non-Life Premiums Forecast
Non-Life Premiums
Table: Gross Non-Life Premiums Written (Ireland 2012-2019)
Table: Net Non-Life Premiums Written (Ireland 2012-2019)
Non-Life Reinsurance Premiums
Table: Reinsurance Non-Life Premiums Written (Ireland 2012-2019)
Non-Life Claims
Table: Non-Life Insurance Claims (Ireland 2007-2013)
Table: Non-Life Insurance Claims by Line (Ireland 2007-2013)
Non-Life Insurers' Assets
Table: Assets (Ireland 2007-2013)
Non-Life Sub-Sector Forecast
Table: Non-Life % Breakdown (Ireland 2012-2019)
Motor And Transport Insurance
Table: Motor Vehicle Insurance (Ireland 2012-2019)
Table: Insurance Key Drivers, Autos (Ireland 2012-2019)
Table: Transport Insurance (Ireland 2012-2019)
Property Insurance
Table: Property Insurance (Ireland 2012-2019)
Credit And General Liability Insurance
Table: Credit/Financial Guarantee Insurance (Ireland 2012-2019)
Table: General Liability Insurance (Ireland 2012-2019)
Industry Risk Reward Ratings
Developed States Insurance Risk/Reward Index Q2 2015
Table: Developed States Insurance Risk/Reward Index - Q2 2015
Market Overview
Life Market Overview
Table: Life Insurance Market (USDmn) 2006-2012
Non-Life Market Overview
Table: Non-Life Insurance Market (USDmn) 2007-2013
Company Profile
Aviva
AXA
FBD
Intesa Sanpaolo Life
Irish Life
RSA Insurance
Demographic Forecast
Table: Population Headline Indicators (Ireland 1990-2025)
Table: Key Population Ratios (Ireland 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Ireland 1990-2025)
Table: Population By Age Group (Ireland 1990-2025)
Table: Population By Age Group % (Ireland 1990-2025)
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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