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ARTICLE · 27 OCTOBER 2023

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On 12 October 2023, as part of the European Insurance Forum, Insurance Ireland launched the outcome of a report which it had commissioned on the future of the Irish insurance industry.

European UnionFinance and Banking

1. Insurance Ireland publish report: Protecting Tomorrow: the future of the Irish insurance industry

On 12 October 2023, as part of the European Insurance Forum, Insurance Ireland launched the outcome of a report which it had commissioned on the future of the Irish insurance industry. The Report provides an overview of the Irish insurance industry, the merits of Ireland as a location for international insurers, and the future outlook for the industry.

Overview of the Irish insurance industry

Measured in premiums, Ireland has the 4th largest insurance industry in the EU, employing 35,000 people and contributing over €2.7 billion to the Irish economy annually. In 2022, insurers based in Ireland held more than €300 billion of life and pension assets and paid more than €68 billion in claims.

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