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

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    Report

  • 48 Pages
  • February 2023
  • Region: Ireland
  • MarketLine
  • ID: 5786217
Non-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 non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
  • The Irish non-life insurance market had total gross written premiums of $9.5 billion in 2022, representing a compound annual growth rate (CAGR) of 1% between 2017 and 2022.
  • The Motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $4.3 billion, equivalent to 45% of the market's overall value.
  • Irish insurance clients' expenditures will rise in increased in 2022 due to inflation, which will also lead to higher claim expenses for non-life insurance companies.

Scope

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

Reasons to Buy

  • What was the size of the Ireland non-life insurance market by value in 2022?
  • What will be the size of the Ireland non-life insurance market in 2027?
  • What factors are affecting the strength of competition in the Ireland non-life insurance market?
  • How has the market performed over the last five years?

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 has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 Company Profiles
8.1. Allianz SE
8.2. Aviva Plc
8.3. AXA SA
8.4. RSA Insurance Ireland DAC
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. About the Publisher
List of Tables
Table 1: Ireland non-life insurance market value: $ billion, 2017-22(e)
Table 2: Ireland non-life insurance market category segmentation: % share, by value, 2017-2022(e)
Table 3: Ireland non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Ireland non-life insurance market geography segmentation: $ billion, 2022(e)
Table 5: Ireland non-life insurance market value forecast: $ billion, 2022-27
Table 6: Ireland non-life insurance market share: % share, by value, 2022(e)
Table 7: Allianz SE: key facts
Table 8: Allianz SE: Annual Financial Ratios
Table 9: Allianz SE: Key Employees
Table 10: Allianz SE: Key Employees Continued
Table 11: Aviva Plc: key facts
Table 12: Aviva Plc: Annual Financial Ratios
Table 13: Aviva Plc: Key Employees
Table 14: Aviva Plc: Key Employees Continued
Table 15: AXA SA: key facts
Table 16: AXA SA: Annual Financial Ratios
Table 17: AXA SA: Key Employees
Table 18: AXA SA: Key Employees Continued
Table 19: AXA SA: Key Employees Continued
Table 20: RSA Insurance Ireland DAC: key facts
Table 21: RSA Insurance Ireland DAC: Key Employees
Table 22: Ireland size of population (million), 2018-22
Table 23: Ireland gdp (constant 2005 prices, $ billion), 2018-22
Table 24: Ireland gdp (current prices, $ billion), 2018-22
Table 25: Ireland inflation, 2018-22
Table 26: Ireland consumer price index (absolute), 2018-22
Table 27: Ireland exchange rate, 2017-21
List of Figures
Figure 1: Ireland non-life insurance market value: $ billion, 2017-22(e)
Figure 2: Ireland non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Ireland non-life insurance market geography segmentation: % share, by value, 2022(e)
Figure 4: Ireland non-life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the non-life insurance market in Ireland, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Ireland, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Ireland, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Ireland, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Ireland, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Ireland, 2022
Figure 11: Ireland non-life insurance market share: % share, by value, 2022(e)

Companies Mentioned (Partial List)

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

  • Allianz SE
  • Aviva Plc
  • AXA SA
  • RSA Insurance Ireland DAC

Table Information