Key Facts

Insurers are major investors in the Irish economy, with holdings of Government stock, equities and property.

IIF member companies employ over 15,000 people directly in Ireland.

About the Irish Insurance Industry

The Irish insurance market is a key sector and major contributor to the performance of the Irish economy.

• IIF member insurance companies’ domestic premium income in 2007 was €13.4 billion. This represents 7.4% of Gross Domestic Product (GDP).
• IIF’s 63 member insurance companies employ over 15,000 people in Ireland directly as at the end of 2007. Thousands more are employed in associated businesses such as insurance brokering, pensions and actuarial consultancy, risk management, fund management and loss adjusting.
• Insurance plays a vital role in the economy and society by offering protection and facilitating individuals and businesses take risks.
• The insurance market contributes substantial tax revenues to the State annually.