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  4. > Ireland Insurance Report Q4 2016

Ireland Insurance Report Q4 2016

  • October 2016
  • -
  • Business Monitor International
  • -
  • 61 pages

Includes 3 FREE quarterly updates

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 2020, 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. Given Ireland's close trade and economic ties with the Union, this could have a detrimental impact on economic growth and hence consumer confidence and demand for discretionary insurance products. 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.
Latest Updates And Developments

- In September 2016, 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. The merged venture, which has been renamed as Irish Life Health, allows Irish Life a foothold in the Irish health insurance market.

Table Of Contents

Ireland Insurance Report Q4 2016
BMI Industry View 7
Table: Headline Insurance Forecasts (Ireland 2013-2020) 7
SWOT 9
Insurance 9
Industry Forecast 11
Life Premiums Forecast 11
Table: Life Premiums (Ireland 2013-2020) 14
Table: Life Insurance Claims (Ireland 2008-2015) 15
Non-Life Premiums Forecast 16
Table: Non-Life Premiums (Ireland 2013-2020) 19
Table: Non-Life Insurance Claims (Ireland 2009-2015) 21
Non-Life Sub-Sector Forecast 22
Table: Non-Life Insurance Premiums by Product Line (Ireland 2013-2020) 30
Industry Risk/Reward Index 31
Insurance Risk/Reward Index 31
Table: Developed States Insurance Risk/Reward Index - Q416 32
Market Overview 33
Life Market Overview 33
Product Offering 33
Competitive Landscape 33
Table: Company Performance: Life Insurance Market (USDmn) 2008-2014 35
Non-Life Market Overview 37
Product Offering 37
Competitive Landscape 37
Table: Company Performance: Non-Life Insurance Market (EURmn) 2007-2014 39
Company Profile 42
Aviva 42
AXA 44
FBD 46
Intesa Sanpaolo Life 48
Irish Life 50
RSA Insurance 53
Methodology 55
Industry Forecast Methodology 55
Sector-Specific Methodology 56
Risk/Reward Index Methodology 58
Table: Indicators 60
Ireland Insurance Report Q4 2016$$
Table: Weighting of Indicators 61

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