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Life Insurance in Ireland, Key Trends and Opportunities to 2020

Life Insurance in Ireland, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Life Insurance in Ireland, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Irish life insurance segment, and a comparison of the Irish insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Irish economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Life Insurance in Ireland, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Irish life insurance segment, including:

  • An overview of the Irish life insurance segment
  • The Irish life insurance segment’s growth prospects by category
  • A comprehensive overview of the Irish economy and demographics
  • A comparison of the Irish life insurance segment with its regional counterparts
  • The various distribution channels in the Irish life insurance segment
  • Details of the competitive landscape in the life insurance segment in Ireland
  • Details of regulatory policy applicable to the Irish insurance industry
Scope

This report provides a comprehensive analysis of the life insurance segment in Ireland:
  • It provides historical values for the Irish life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Irish life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Irish life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for life insurance products in Ireland.
  • It profiles the top life insurance companies in Ireland and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Irish life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Irish life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Irish insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • In January 2017, there were 58 life insurers operating in Ireland, of which 47 were headquartered in Ireland, and 11 were headquartered in other EU member states.
  • In February 2016, the Central Bank of Ireland published an updated paper with the implementation procedure for a risk-based regulation called Probability Risk and Impact System (PRISM), categorizing investment risk, pricing and underwriting risk, and claims and reserving risk, for insurers.
  • In January 2015, the Irish government approved the introduction of a universal supplementary pension saving scheme, with an objective to tackle low rates of workplace pension cover.
  • The segment’s distribution network was dominated by direct marketing during the review period.


  • Key Facts and Highlights
    • Table Irish Life Insurance - Key Facts, 2015
    • Table Irish Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Irish Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium
        • Table Irish Life Insurance- Gross Written Premium (EUR Billion and US$ Billion), 2011-2015
        • Table Irish Life Insurance- Gross Written Premium by Type of Risk (EUR Billion), 2011-2015
        • Table Irish Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2015-2020
        • Table Irish Life Insurance - New Business Direct Written Premium (EUR Billion and US$ Billion), 2011-2015
        • Table Irish Life Insurance - New Business Direct Written Premium (EUR Billion and US$ Billion), 2015-2020
      • Claims
        • Table Irish Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015
        • Table Irish Life Insurance - Paid Claims by Type of Risk (EUR Billion), 2011-2015
        • Table Irish Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020
      • Assets and investments
        • Table Irish Life Insurance - Total Assets (EUR Billion and US$ Billion), 2011-2015
        • Table Irish Life Insurance - Total Assets (EUR Billion and US$ Billion), 2015-2020
        • Table Irish Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2011-2015
        • Table Irish Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2015- 2020
        • Table Irish Life Insurance - Investment Portfolio (EUR Million), 2011-2015
        • Table Irish Life Insurance - Investment Portfolio (EUR Million), 2015-2020
  • Outlook by Sub-Segment
    • Individual Life Insurance
      • Premium
        • Table Irish Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2011-2015
        • Table Irish Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Irish Life Insurance - Direct Written Premium by Distribution Channel (EUR Billion), 2011-2015
      • Table Irish Life Insurance - Direct Written Premium by Distribution Channel (EUR Billion), 2015-2020
      • Table Irish Life Insurance - Percentage of Direct Written Premium Ceded, by Distribution Channel, 2011-2020
  • Competitive Landscape
    • Table Irish Life Insurance - Segment Shares of the Leading Insurers (%), 2015
    • Company Profiles
      • Intesa Sanpaolo Life Ltd - company overview
        • Table Intesa Sanpaolo Life Ltd. - Key Facts
        • Table Intesa Sanpaolo Life Ltd - Key Financials (EUR Million), 2011-2015
      • Irish Life Assurance Plc - company overview
        • Table Irish Life Assurance Plc - Key Facts
        • Table Irish Life Assurance Plc - Key Financials (EUR Million), 2011-2015
      • Axa MPS Financial Ltd - company overview
        • Table Axa MPS Financial Ltd - Key Facts
        • Table Axa MPS Financial Ltd - Key Financials (EUR Million), 2011-2015
      • Darta Saving Life Assurance Ltd - company overview
        • Table Darta Saving Life Assurance Ltd - Key Facts
        • Table Darta Saving Life Assurance Ltd - Key Financials (EUR Million), 2011-2015
      • Zurich Life Assurance Plc - company overview
        • Table Zurich Life Assurance Plc - Key Facts
        • Table Zurich Life Assurance Plc - Key Financials (EUR Million), 2011-2015
  • Governance, Risk and Compliance
    • Table Ireland - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Ireland - Life Insurance Regulatory Framework
      • Property insurance
        • Table Ireland - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Ireland - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Ireland - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Social security insurance
      • Motor third-party liability insurance
      • Air carriers and aircraft operators insurance
        • Table Ireland - Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
      • Professional indemnity insurance for alternative investment fund managers
      • Public liability for vessels licensed to carry more than 12 passengers
      • Passenger liability insurance for railway operators
      • Professional indemnity insurance for solicitors
      • Professional indemnity insurance for accountants
      • Professional indemnity insurance for brokers
      • Clinical trial liability insurance
      • Liability for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Federation of European Risk Management Associations
      • Central Bank of Ireland
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
        • Table Ireland - Insurance Funding Levy
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Ireland - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Irish Life Insurance - Policies and Premium, 2011-2015
      • Table Irish Life Insurance - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Irish Life Insurance - Claims and Expenses, 2011-2015
      • Table Irish Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Irish Life Insurance - Assets and Investments, 2011-2015
      • Table Irish Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing and E-Commerce
      • Table Irish Life Insurance - Direct Marketing and E-Commerce, 2011-2015
      • Table Irish Life Insurance - Direct Marketing and E-Commerce, 2015-2020
    • Insurance Brokers and Agencies
      • Table Irish Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Irish Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Individual Life Insurance
      • Table Irish Life Insurance - Individual Life Insurance, 2011-2015
      • Table Irish Life Insurance - Individual Life Insurance, 2015-2020
    • Individual Life Insurance by Product
      • Table Irish Life Insurance - Individual Life Insurance by Product, 2011-2015
      • Table Irish Life Insurance - Individual Life Insurance by Product, 2015-2020
    • Individual Life - Single vs Non-Single Premium
      • Table Irish Life Insurance - Individual Life Insurance by Premium, 2011-2015
      • Table Irish Life Insurance - Individual Life Insurance by Premium, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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