The outlook for Ireland's insurance market remains largely positive with robust domesticeconomic growth boosting employment, income and private consumption rates and supporting demand fora range of life and non-life products. Competitive pressure does limit growth potential in some mature linesand there are calls for improved regulation of sectors of the market in light of escalating claims costs butoverall Ireland's insurance sector remains an attractive market.
Latest Updates And Developments
The UK's decision to leave the EU has resulted in an uptick in investor interest in the Irish insurancemarket with a number of providers reportedly considering transferring to Dublin in order to maintainaccess to the single market. Aviva is reportedly restructuring its life and general insurance business asregulated subsidiaries in the market while Legal & General is considering setting up a new Irish office.