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The ability to provide insurance products on a pan-EU basis has been a crucial driver of the growth of the IFSC.
  • The International insurance sector is a major contributor to the Irish economy with around €200 Billion in assets under management and employs some 27,000 people.
  • The vast majority of insurance firms in Ireland are involved exclusively in cross-border insurance.
  • The majority of life business written from Ireland is investment driven, with relatively limited mortality risk.
  • On the non-life side, Ireland has developed itself as a leading centre for both captive (where the re-insurance is linked to the risks of only one company) and non-captive re-insurance, and more recently as a hub for pan-European groups that are consolidating their activities in advance of the introduction of Solvency II.
Ibec © Financial Services Ireland, 2020
FSI is a part of Ibec clg which is registered in Ireland.
Registration No. 8706.
Registered address: 84/86 Lower Baggot Street, Dublin 2

Phone +353 (0)1 605 1500; Fax +353 (0)1 638 1500; Email info@ibec.ie
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