Insurance Corporations Statistics – Q1 2019

Publication date: 07 June 2019

Key Points:

  • Total assets of Insurance Corporations (ICs) increased by €11 billion (3 per cent) over the quarter, to stand at €314 billion.
  • The increase was driven primarily by an increase in the holdings of Insurance Technical Reserves (ITRs) and Related Claims by Life Insurance companies, which now stands at €41 billion, the highest it has been in the series.
  • The composition of Life Insurance Technical Reserves on the liability side changed slightly from the previous quarter with a 5 percentage point increase in the share of Non-Unit Linked reserves.
  • The mix of Investment fund shares held by ICs remained largely unchanged over the quarter with investments concentrated in equity and bond funds.

Chart 1: Increased share of assets held in Insurance Technical Reserves and Related Claims in Q1 2019

Increased share of assets held in Insurance Technical Reserves and Related Claims

Chart 2: Equity and Bond Funds account for over 50 per cent of investment fund holdings of Irish Insurance Corporations, Q1 2019

Equity and Bond Funds account for over 50 per cent of investment fund holdings of Irish Insurance Corporations

Chart 3: Non-unit linked life insurance technical reserves (ITRs) increased share of total in Q1 2019

Non-unit linked life insurance technical reserves (ITRs) increased share of total

This statistical release references outstanding amounts for assets and liabilities of insurance corporations resident in Ireland.

Related Data Sets

The below Insurance Corporation Statistics tables are also available in CSV format here.

Insurance Corporation Statistics | xls 9017 KB Explanatory Notes - Insurance Statistics | pdf 334 KB