Insurance Ireland, the voice of Insurance in Ireland represents 95% of the domestic insurance and 80% of the international Life Insurance market. Insurance Ireland members pay out more than €13 billion in claims & benefits to Irish customers and contribute over €1.6 billion in tax to the Irish exchequer per annum. The Insurance Industry holds €200 billion in assets in Ireland of which €35 billion is invested in Irish infrastructure and government debt, generates €51bn in premium income (domestic and overseas) and employs more than 28,000 people.
Insurance makes a major contribution to Ireland’s economic growth and development and is a cornerstone of modern life. One of the most important aspects of insurance is to pay claims to customers at times when they need it most.
As the voice of insurance companies in Ireland, Insurance Ireland's key functions include:
- Representing its members’ interests to Government, state agencies, regulatory bodies, public representatives, other national interest groups, the media and the general public;
- Representing the position of members at a European level, particularly via Insurance Europe, the European association for national insurance company representative bodies, and at a global level via the Global Federation of Insurance Associations (GFIA);
- keeping members abreast of relevant policy and regulatory developments and providing a forum for member debate on such issues;
- Providing information to Government, the wider policy-making community and the public about insurance.
As a member of Insurance Ireland you belong to a representative body comprising of industry leaders from the insurance sector who will proactively represent and support the operation of your business in the Irish, European and International market.
Insurance Ireland - The Voice of Insurance