Insurance Ireland Annual Report 2012

The report highlights a number of issues facing the insurance industry. President of Insurance Ireland, Gerry Hassett, recognised the positive role that insurance plays in Irish society and referred to insurance as the "safety net of the Irish economy". He focused on the need to:

• restore Ireland's regulatory regime and introduce constructive dialogue with the Central Bank to ensure the regulatory regime delivers the outcomes intended;
• ensure Ireland continues to be an attractive place for insurers to do business both domestically and internationally as a vibrant insurance sector; and
• encourage the implementation of the pension tax relief plan and the removal of the pensions levy.