
Insurance in Ireland - Industry Market Research Report
Description
Insurance in Ireland - Industry Market Research Report
Insurance in Ireland
Insurers' revenue has crept upwards at a compound annual rate of 2.2% to €27.8 billion over the past five years; this includes an increase of 1.7% in 2023 when the average profit margin is 3.5%. In the life and health segment, life cover volumes are normalising from pandemic highs, but public-private partnerships and inflation boost pricing. Individual annuities make a comeback with rising payouts due to increasing base rates.
Businesses in this industry underwrite policies relating to life, property, casualty, liability and other general risks. The premiums they earn from this are then invested to generate additional income. The underwriting life and disability is a separate industry, although many firms compete in both insurance markets.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Insurance in Ireland
Insurers' revenue has crept upwards at a compound annual rate of 2.2% to €27.8 billion over the past five years; this includes an increase of 1.7% in 2023 when the average profit margin is 3.5%. In the life and health segment, life cover volumes are normalising from pandemic highs, but public-private partnerships and inflation boost pricing. Individual annuities make a comeback with rising payouts due to increasing base rates.
Businesses in this industry underwrite policies relating to life, property, casualty, liability and other general risks. The premiums they earn from this are then invested to generate additional income. The underwriting life and disability is a separate industry, although many firms compete in both insurance markets.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
45 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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