Market Size of Ireland Life & Non-Life Insurance Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ireland Life & Non-Life Insurance Market Analysis
Ireland Life and Non-Life Insurance Market has achieved a market size of USD 39.2 billion in terms of gross premiums in the current year and is poised to grow at a CAGR of 5% during the forecast period.
Online insurance buying is expected to provide a new growth avenue to Ireland's life and non-life insurance market. Owing to their dual advantage of securing future uncertain labilities due to accidental events and an investment opportunity, unit-linked insurance plans are popular in the Ireland insurance market.
Moreover, the InsurTech sector is witnessing much technological innovation and investment development over the past few years. Traditional insurance business lines, such as health, auto, and commercial, are being revolutionized by new digital-centric startups. New technologies, such as AI and IoT, have been re-architecting insurance data, the foundation of the insurance industry.
