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Ireland Insurance Report Q4 2017

Ireland Insurance Report Q4 2017

BMI View: We have made minor forecast adjustments this quarter but our overall view remains optimistic.

The outlook for Ireland's insurance market remains largely positive with robust domestic economic growthboosting employment, income and private consumption rates and supporting demand for a range of life andnon-life products. High incomes, a growing age population and strong consumption levels all bode well forlife and savings and further bolster the purchases of insurance goods. We note that competitive pressuredoes limit growth potential in some mature lines and there are calls for improved regulation of sectors ofthe market in light of escalating claims costs but overall Ireland's insurance sector remains an attractivemarket.

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.


BMI Industry View
Table: Headline Insurance Forecasts (Ireland 2014-2021)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Ireland 2014-2021)
Table: Life Insurance Claims (Ireland 2009-2015)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Ireland 2014-2021)
Table: Non-Life Insurance Claims (Ireland 2010-2016)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Ireland 2014-2021)
Industry Risk/Reward Index
Developed States Insurance Risk/Reward Index
Table: Developed States Insurance Risk/Reward Index, Q4 2017
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
Table: Ireland Life Insurance Market Shares (USDmn) 2009-2015
Non-Life Market Overview
Product Offering
Competitive Landscape
Table: Ireland Non-Life Insurance Market Shares (USDmn) 2009-2015
Company Profile
Aviva
AXA
FBD
Intesa Sanpaolo Life
Irish Life
RSA Insurance
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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