Ireland Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
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.
- 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
- 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?
- 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 MarketLine
- 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)
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