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Insurance in Ireland - Market Summary, Competitive Analysis and Forecast to 2025

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    Report

  • 46 Pages
  • November 2021
  • Region: Ireland
  • MarketLine
  • ID: 5526731
Insurance in Ireland industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
  • The Irish insurance market had total gross written premiums of $58.0bn in 2020, representing a compound annual rate of change (CARC) of -1.3% between 2016 and 2020.
  • The life insurance segment was the market's most lucrative in 2020, with total gross written premiums of $50.6bn, equivalent to 87.3% of the market's overall value.
  • The future of the pandemic remains uncertain, which makes it difficult to predict the long-term performance of the insurance market. As global vaccination programs are rolled out and societies gradually reopen, consumer confidence is likely to improve, easing demand for insurance. However, interest rates are expected to remain low for some time, constraining insurers’ profits.

Scope

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

Reasons to Buy

  • What was the size of the Ireland travel & tourism market by value in 2020?
  • What will be the size of the Ireland travel & tourism market in 2025?
  • What factors are affecting the strength of competition in the Ireland travel & tourism market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Ireland's travel & tourism 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 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. Irish Life Assurance plc
8.2. Zurich Insurance Group Ltd
8.3. New Ireland Assurance Company Plc
8.4. Aviva 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 insurance market value: $ billion, 2016 - 20
Table 2: Ireland insurance market category segmentation: $ billion, 2020
Table 3: Ireland insurance market geography segmentation: $ billion, 2020
Table 4: Ireland insurance market value forecast: $ billion, 2020 - 25
Table 5: Ireland insurance market share: % share, by value, 2020
Table 6: Irish Life Assurance plc: key facts
Table 7: Irish Life Assurance plc: Key Employees
Table 8: Zurich Insurance Group Ltd: key facts
Table 9: Zurich Insurance Group Ltd: Annual Financial Ratios
Table 10: Zurich Insurance Group Ltd: Key Employees
Table 11: Zurich Insurance Group Ltd: Key Employees Continued
Table 12: New Ireland Assurance Company Plc: key facts
Table 13: New Ireland Assurance Company Plc: Key Employees
Table 14: Aviva Plc: key facts
Table 15: Aviva Plc: Annual Financial Ratios
Table 16: Aviva Plc: Key Employees
Table 17: Aviva Plc: Key Employees Continued
Table 18: Ireland size of population (million), 2016 - 20
Table 19: Ireland gdp (constant 2005 prices, $ billion), 2016 - 20
Table 20: Ireland gdp (current prices, $ billion), 2016 - 20
Table 21: Ireland inflation, 2016 - 20
Table 22: Ireland consumer price index (absolute), 2016 - 20
Table 23: Ireland exchange rate, 2016 - 20
List of Figures
Figure 1: Ireland insurance market value: $ billion, 2016 - 20
Figure 2: Ireland insurance market category segmentation: % share, by value, 2020
Figure 3: Ireland insurance market geography segmentation: % share, by value, 2020
Figure 4: Ireland insurance market value forecast: $ billion, 2020 - 25
Figure 5: Forces driving competition in the insurance market in Ireland, 2020
Figure 6: Drivers of buyer power in the insurance market in Ireland, 2020
Figure 7: Drivers of supplier power in the insurance market in Ireland, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Ireland, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Ireland, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Ireland, 2020
Figure 11: Ireland insurance market share: % share, by value, 2020

Companies Mentioned (Partial List)

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

  • Irish Life Assurance plc
  • Zurich Insurance Group Ltd
  • New Ireland Assurance Company Plc
  • Aviva Plc

Table Information