+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Ireland Life Insurance Market Summary, Competitive Analysis and Forecast to 2027

  • PDF Icon

    Report

  • 42 Pages
  • March 2023
  • Region: Ireland
  • MarketLine
  • ID: 5786002
Life Insurance in Ireland industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
  • The Irish life insurance market had total gross written premiums of $59.1 billion in 2022, representing a compound annual growth rate (CAGR) of 0.4% between 2017 and 2022.
  • The Pension/Annuity segment accounted for the market's largest proportion in 2022, with total gross written premiums of $43.5 billion, equivalent to 73.6% of the market's overall value.
  • A positive macroeconomic environment that kept consumer confidence high, along with increasing disposable incomes and rising concern for life and health among individuals, especially after the pandemic, stimulated demand for life insurance.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Ireland
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Ireland
  • Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Ireland life insurance market with five year forecasts

Reasons to Buy

  • What was the size of the Ireland life insurance market by value in 2022?
  • What will be the size of the Ireland life insurance market in 2027?
  • What factors are affecting the strength of competition in the Ireland life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Ireland's life insurance market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What are the strengths of leaders?
7.5. What has been the rationale behind recent M&A activity?
8 Company Profiles
8.1. Aviva Life & Pensions Ireland DAC
8.2. Irish Life Assurance plc
8.3. New Ireland Assurance Company Plc
8.4. Zurich Insurance plc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Publisher
List of Tables
Table 1: Ireland life insurance market value: $ billion, 2017-22
Table 2: Ireland life insurance market category segmentation: % share, by value, 2017-2022
Table 3: Ireland life insurance market category segmentation: $ billion, 2017-2022
Table 4: Ireland life insurance market geography segmentation: $ billion, 2022
Table 5: Ireland life insurance market value forecast: $ billion, 2022-27
Table 6: Ireland life insurance market share: % share, by value, 2022
Table 7: Aviva Life & Pensions Ireland DAC: key facts
Table 8: Aviva Life & Pensions Ireland DAC: Key Employees
Table 9: Irish Life Assurance plc: key facts
Table 10: Irish Life Assurance plc: Key Employees
Table 11: New Ireland Assurance Company Plc: key facts
Table 12: New Ireland Assurance Company Plc: Key Employees
Table 13: Zurich Insurance plc: key facts
Table 14: Zurich Insurance plc: Key Employees
Table 15: Ireland size of population (million), 2018-22
Table 16: Ireland gdp (constant 2005 prices, $ billion), 2018-22
Table 17: Ireland gdp (current prices, $ billion), 2018-22
Table 18: Ireland inflation, 2018-22
Table 19: Ireland consumer price index (absolute), 2018-22
Table 20: Ireland exchange rate, 2017-21
List of Figures
Figure 1: Ireland life insurance market value: $ billion, 2017-22
Figure 2: Ireland life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Ireland life insurance market geography segmentation: % share, by value, 2022
Figure 4: Ireland life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the life insurance market in Ireland, 2022
Figure 6: Drivers of buyer power in the life insurance market in Ireland, 2022
Figure 7: Drivers of supplier power in the life insurance market in Ireland, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Ireland, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Ireland, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Ireland, 2022
Figure 11: Ireland life insurance market share: % share, by value, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Aviva Life & Pensions Ireland DAC
  • Irish Life Assurance plc
  • New Ireland Assurance Company Plc
  • Zurich Insurance plc