Key Market Indicators
Ireland's insurance spending is projected to hit €1.7 billion by 2028, up from €1.6 billion in 2023. This marks an average annual growth rate of 1.3%. However, it's worth noting that since 2000, the demand for insurance in Ireland has seen a yearly decline of 0.7%. On the supply side, Ireland's gross written premium is expected to reach $47.7 billion by 2028, rising from $46.5 billion in 2023. This represents a compound annual growth rate (CAGR) of 0.4%. Despite this growth, the country has experienced a 0.7% annual decrease in supply since 1988. In 2023, Ireland ranked 10th globally in gross written premiums. Australia led the way with $46.5 billion, while the United Kingdom, Germany, and the Netherlands secured the second, third, and fourth spots, respectively.