Market Guide - Life Insurance and Pensions in Ireland 2006
Market Guide - Life Insurance and Pensions in Ireland 2006 - New Research Report on Companies and Markets
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Introduction
This report is most appropriate for companies looking for an overview of the life insurance and pensions markets in order to assess the level of market opportunity (using our market data and forecasts), regulatory barriers and opportunities, and level of competition in the market. For more detailed market data please refer to European Life and Pensions Interactive Database 2006.
Scope
Presents competitor
market data for life insurance and pensions companies;
Assesses regulatory barriers and opportunities;
5 years historic data from 2001-5 and 5 year forecast to 2010.
Highlights
Following compound annual growth in premium income of 8% in the last five years, between 2006 and 2010, growth in the Irish life and pensions market is set to slow to 5.7%. The market currently reflects a high rate of concentration compared to other European states, with the top five firms accounting for 75% of premium income.
In 2005, brokers continued to dominate distribution of single and annual premium new business, although their share of single premium business, in particular, suffered a decline of 16 percentage points, when compared to 2004. This decline was largely offset by an increase of 14% in new single premium business generated through direct sales.
Irish Life is the largest life and pensions insurance provider in Ireland, measured by premium income as at December 2005. The company reaches its customers through independent brokers, bancassurance (via permanent tsb), direct sales, franchises, institutional (other bank branch networks) and telephone/internet channels.
Reasons to Purchase
Get an overview of the life and pensions market, including past growth and forecast growth;
Assess regulatory barriers and opportunities affecting life insurance and pensions in this country;
Analyze competition from life insurance companies.
Introduction
This report is most appropriate for companies looking for an overview of the life insurance and pensions markets in order to assess the level of market opportunity (using our market data and forecasts), regulatory barriers and opportunities, and level of competition in the market. For more detailed market data please refer to European Life and Pensions Interactive Database 2006.
Scope
Presents competitor
|
|
Assesses regulatory barriers and opportunities;
5 years historic data from 2001-5 and 5 year forecast to 2010.
Highlights
Following compound annual growth in premium income of 8% in the last five years, between 2006 and 2010, growth in the Irish life and pensions market is set to slow to 5.7%. The market currently reflects a high rate of concentration compared to other European states, with the top five firms accounting for 75% of premium income.
In 2005, brokers continued to dominate distribution of single and annual premium new business, although their share of single premium business, in particular, suffered a decline of 16 percentage points, when compared to 2004. This decline was largely offset by an increase of 14% in new single premium business generated through direct sales.
Irish Life is the largest life and pensions insurance provider in Ireland, measured by premium income as at December 2005. The company reaches its customers through independent brokers, bancassurance (via permanent tsb), direct sales, franchises, institutional (other bank branch networks) and telephone/internet channels.
Reasons to Purchase
Get an overview of the life and pensions market, including past growth and forecast growth;
Assess regulatory barriers and opportunities affecting life insurance and pensions in this country;
Analyze competition from life insurance companies.
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