Ireland Insurance Report - Business Monitor International - Industry Reports

Ireland Insurance Report

Ireland Insurance Report - Business Monitor International - Industry Reports
Ireland Insurance Report
Published Oct 22, 2016
61 pages — Published Oct 22, 2016
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

BMI View: While small in absolute terms, Ireland s insurance sector is well-developed, while the country also enjoys the benefits of being a global centre for financial services and especially life insurance. As one of the strongest performers in the EU in terms of economic activity, we expect to see steady growth in both the life and non-life markets over the forecast period to ----, with the non-life market being driven in large part by the rapid expansion of the health insurance segment. ...BMI View: While small in absolute terms, Ireland s insurance sector is well-developed, while the country also enjoys the benefits of being a global centre for financial services and especially life insurance. As one of the strongest performers in the EU in terms of economic activity, we expect to see steady growth in both the life and non-life markets over the forecast period to ----, with the non-life market being driven in large part by the rapid expansion of the health insurance segment. The major risk to our outlook will be the potentially negative effects resulting from the UK s recent Brexit vote. ...Nevertheless, we believe Ireland s insurance market offers considerable opportunity for investors and new entrants, and this has been reflected in high levels of transactional activity over recent months. Table: Headline Insurance Forecasts (Ireland ---------) ---- ---- ----e ----f ----f ----f ----f ----f Gross life premiums written, EURbn --.-- --.-- --.-- --.-- --.-- --.-- --.-- --.-- Gross life premiums written, EUR, y-o-y --.- -.- -.- -.- -.- -.- -.- -.- Gross life premiums written, USDbn --.-- --.-- --.-- --.-- --.-- --.-- --.-- --.-- Gross life premiums written, USD, y-o-y --.- -.- --.- --.- -.- -.- -.- -.- Gross non-life premiums written, EURbn -.-- -.-- -.-- -.-- -.-- -.-- -.-- -.-- Gross non-life premiums written, EUR, y-o-y ---.- -.- --.- -.- -.- -.- -.- -.- Gross non-life premiums written, USDbn -.-- -.-- -.-- -.-- -.-- -.-- -.-- -.--

...In September ----, Irish Life completed the long-awaited acquisition of Aviva Health Insurance Ireland Limited for an unreported fee. The deal also gives Irish Life control of control of Aviva subsidiary GloHealth. ...In the same month, a report released by UK-based Aviva showed that Ireland s pension gap had expanded to become the second largest in Europe. Aviva estimates a EUR--.-bn gap between current pensions savings among Ireland s population and the amount needed to provide adequately for the nation s retirees. The findings may prove to be advantageous for life insurers, with individuals having to save more in order to provide for old age. ...Aviva estimates a EUR--.-bn gap between current pensions savings among Ireland s population and the amount needed to provide adequately for the nation s retirees. The findings may prove to be advantageous for life insurers, with individuals having to save more in order to provide for old age.

...Due to the inclusion of international underwriting activity in our premiums figures, Irish life insurance premiums will continue to dwarf those written by the non-life segment. However, due to the faster pace of expansion of the non-life segment, the total share of the market held by life insurers will fall slightly over the forecast period, from --.- of total sales in ---- to --.- in ----. ...

  
Source:
Document ID
2055-415X
Industry
Format:
PDF Adobe Acrobat
Buy Now

Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Ireland Insurance Report" Oct 22, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Ireland-Insurance-Report-2026-1543>
  
APA:
Business Monitor International - Industry Reports. (2016). Ireland Insurance Report Oct 22, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Ireland-Insurance-Report-2026-1543>
  
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.