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Insurance in Ireland

Insurance in Ireland

Summary

Insurance in Ireland industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.Essential resource for top-line data and analysis covering the Ireland insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

  • The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.
  • The Irish insurance market had total gross written premiums of $64.1bn in 2017, representing a compound annual growth rate (CAGR) of 6.4% between 2013 and 2017.
  • The life segment was the market's most lucrative in 2017, with total gross written premiums of $55.4bn, equivalent to 86.5% of the market's overall value.
  • Ireland’s insurance penetration rate was 6.8% of GDP in 2017 according to Swiss Re, above the European average of 6.5%. While its life insurance penetration rates were significantly higher, its non-life insurance was significantly below European averages.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Ireland
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Ireland
  • Leading company profiles reveal details of key insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Ireland insurance market with five year forecasts
Reasons to buy
  • What was the size of the Ireland insurance market by value in 2017?
  • What will be the size of the Ireland insurance market in 2022?
  • What factors are affecting the strength of competition in the Ireland insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in Ireland's insurance market?


Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Irish Life Assurance plc
New Ireland Assurance Company Plc
Standard Life Aberdeen, PLC
Zurich Insurance Group Ltd
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: Ireland insurance market value: $ billion, 2013-17
Table 2: Ireland insurance market category segmentation: $ billion, 2017
Table 3: Ireland insurance market geography segmentation: $ billion, 2017
Table 4: Ireland insurance market share: % share, by value, 2017
Table 5: Ireland insurance market value forecast: $ billion, 2017-22
Table 6: Irish Life Assurance plc: key facts
Table 7: New Ireland Assurance Company Plc: key facts
Table 8: Standard Life Aberdeen, PLC: key facts
Table 9: Zurich Insurance Group Ltd: key facts
Table 10: Zurich Insurance Group Ltd: key financials ($)
Table 11: Zurich Insurance Group Ltd: key financial ratios
Table 12: Ireland size of population (million), 2013-17
Table 13: Ireland gdp (constant 2005 prices, $ billion), 2013-17
Table 14: Ireland gdp (current prices, $ billion), 2013-17
Table 15: Ireland inflation, 2013-17
Table 16: Ireland consumer price index (absolute), 2013-17
Table 17: Ireland exchange rate, 2013-17
List of Figures
Figure 1: Ireland insurance market value: $ billion, 2013-17
Figure 2: Ireland insurance market category segmentation: % share, by value, 2017
Figure 3: Ireland insurance market geography segmentation: % share, by value, 2017
Figure 4: Ireland insurance market share: % share, by value, 2017
Figure 5: Ireland insurance market value forecast: $ billion, 2017-22
Figure 6: Forces driving competition in the insurance market in Ireland, 2017
Figure 7: Drivers of buyer power in the insurance market in Ireland, 2017
Figure 8: Drivers of supplier power in the insurance market in Ireland, 2017
Figure 9: Factors influencing the likelihood of new entrants in the insurance market in Ireland, 2017
Figure 10: Factors influencing the threat of substitutes in the insurance market in Ireland, 2017
Figure 11: Drivers of degree of rivalry in the insurance market in Ireland, 2017
Figure 12: Zurich Insurance Group Ltd: revenues & profitability
Figure 13: Zurich Insurance Group Ltd: assets & liabilities

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