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Non-Life Insurance in Ireland, Key Trends and Opportunities to 2020

Non-Life Insurance in Ireland, Key Trends and Opportunities to 2020

Synopsis

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

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, 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, explains the various types of natural hazard and their impact on the Irish insurance industry, 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 'Non-Life Insurance in Ireland, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Irish non-life insurance segment, including:

  • The Irish non-life segment’s detailed outlook by product category
  • A comprehensive overview of the Irish economy and demographics
  • A comparison of the Irish non-life insurance segment with its regional counterparts
  • The various distribution channels in the Irish non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Irish insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Ireland
  • Details of regulatory policy applicable to the Irish insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Ireland:
  • It provides historical values for the Irish non-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 non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Irish non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Ireland.
  • It analyzes various natural hazards and their impact on the Irish insurance industry
  • It profiles the top non-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 non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Irish non-life insurance segment.
  • Assess the competitive dynamics in the non-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
  • The Irish non-life segment is moderately concentrated, with the 10 leading insurers accounting for 73.0% of the segment’s gross written premium in 2015.
  • Solvency ll was implemented on January 1, 2016.
  • On September 4, 2014, the European Court of Justice delivered a judgment stating that motor insurance should cover accidents on private land.
  • In 2015, brokers accounted for 58.9% of the segment’s direct written premium, while direct marketing accounted for 41.1%.


  • Key Facts and Highlights
    • Table Irish Non-Life Insurance - Key Facts, 2015
    • Table Irish Non-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 Non-Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2011-2015
        • Table Irish Non-Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2015-2020
      • Claims
        • Table Irish Non-Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015
        • Table Irish Non-Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Irish Non-Life Insurance - Profitability Ratio (%), 2011-2015
        • Table Irish Non-Life Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Irish Non-Life Insurance - Total Assets (EUR Billion and US$ Billion), 2011-2015
        • Table Irish Non-Life Insurance - Total Assets (EUR Billion and US$ Billion), 2015-2020
        • Table Irish Non-Life Insurance - Total Investment Income (EUR Million and US$ Million), 2011-2015
        • Table Irish Non-Life Insurance - Total Investment Income (EUR Million and US$ Million), 2015-2020
        • Table Irish Non-Life Insurance - Investment Portfolio (EUR Billion), 2011-2015
        • Table Irish Non-Life Insurance - Investment Portfolio (EUR Billion), 2015-2020
  • Outlook by Category
    • Table Irish Non-Life Insurance - Direct Written Premium by Category (EUR Million),2011-2015
    • Table Irish Non-Life Insurance - Direct Written Premium by Category (EUR Million), 2015-2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Irish Property Insurance - Direct Written Premium by Sub-Category (EUR Million), 2011-2015
        • Table Irish Property Insurance - Direct Written Premium by Sub-Category (EUR Million), 2015-2020
      • Claims
        • Table Irish Property Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
        • Table Irish Property Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Irish Property Insurance - Loss Ratio (%), 2011-2015
        • Table Irish Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Irish Motor Insurance - Direct Written Premium (EUR Billion), 2011-2015
        • Table Irish Motor Insurance - Direct Written Premium (EUR Billion), 2015-2020
      • Claims
        • Table Irish Motor Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015
        • Table Irish Motor Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Irish Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Irish Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Irish Liability Insurance - Direct Written Premium (EUR Million), 2011-2015
        • Table Irish Liability Insurance - Direct Written Premium (EUR Million), 2015-2020
      • Claims
        • Table Irish Liability Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
        • Table Irish Liability Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Irish Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Irish Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Product overview
      • Premium
        • Table Irish Marine, Aviation and Transit Insurance - Direct Written Premium (EUR Million), 2011-2015
        • Table Irish Marine, Aviation and Transit Insurance - Direct Written Premium (EUR Million), 2015-2020
      • Claims
        • Table Irish Marine, Aviation and Transit Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
        • Table Irish Marine, Aviation and Transit Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Irish Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Irish Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Irish Non-Life Insurance - Direct Written Premium by Distribution Channel (EUR Billion), 2011-2015
      • Table Irish Non-Life Insurance - Direct Written Premium by Distribution Channel (EUR Billion), 2015-2020
      • Table Irish Non-Life Insurance - Percentage of Direct Written Premium Ceded, by Distribution Channel, 2011-2020
  • Natural and Man-Made Hazards
    • Flooding
      • Table Claim Breakdown for December 2013 - January 2014 Floods and Storms
    • Storms
    • Earthquakes
    • Extreme Temperature
    • Exposure
  • Competitive Landscape
    • Table Irish Non-Life Insurance - Segment Shares of the Leading Insurers (%), 2015
    • Company Profiles
      • Axa Insurance Ltd - company overview
        • Table Axa Insurance Ltd - Key Facts
        • Table Axa Insurance Ltd - Key Financials (EUR Million), 2011-2015
      • Allianz Plc - company overview
        • Table Allianz Plc - Key Facts
        • Table Allianz Plc - Key Financials (EUR Million), 2011-2015
      • FBD Insurance Plc - company overview
        • Table FBD Insurance Plc - Key Facts
        • Table FBD Insurance Plc - Key Financials (EUR Million), 2011-2015
      • CNP Santander Insurance Europe - company overview
        • Table Axa Insurance Ltd - Key Facts
        • Table Axa Insurance Ltd - Key Financials (EUR Million), 2011-2015
      • CACI Non-Life - company overview
        • Table CACI Non-Life - Key Facts
        • Table CACI Non-Life - 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 Insurance Industry - Policies and Premium, 2011-2015
      • Table Irish Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Irish Non-Life Insurance - Claims and Expenses, 2011-2015
      • Table Irish Non-Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Irish Non-Life Insurance - Assets and Investments, 2011-2015
      • Table Irish Non-Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing and E-Commerce
      • Table Irish Non-Life Insurance - Direct Marketing, 2011-2015
      • Table Irish Non-Life Insurance - Direct Marketing, 2015-2020
    • Insurance Brokers and Agencies
      • Table Irish Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Irish Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Property Insurance
      • Table Irish Non-Life Insurance - Property Insurance, 2011-2015
      • Table Irish Non-Life Insurance - Property Insurance, 2015-2020
    • Property Insurance by Product
      • Table Irish Non-Life Insurance - Property Insurance by Product, 2011-2015
      • Table Irish Non-Life Insurance - Property Insurance by Product, 2015-2020
    • Motor Insurance
      • Table Irish Non-Life Insurance - Motor Insurance, 2011-2015
      • Table Irish Non-Life Insurance - Motor Insurance, 2015-2020
    • Liability Insurance
      • Table Irish Non-Life Insurance - Liability Insurance, 2011-2015
      • Table Irish Non-Life Insurance - Liability Insurance, 2015-2020
    • Marine, Aviation and Transit Insurance
      • Table Irish Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
      • Table Irish Non-Life Insurance - Marine, Aviation and Transit Insurance, 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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