Insurance Corporations Statistics – Q2 2019

Publication date: 06 September 2019 

Key Points:

  • Total assets of Insurance Corporations (ICs) increased by 3.4 per cent in the year to end-June 2019 to stand at €322 billion, its highest value recorded since the series began in Q3 2016.
  • Non-unit linked life insurance technical reserves now account for 16 per cent of IC liabilities; this represents a 5 percentage point increase since Q2 2018.
  • The value of financial derivative assets increased by 19 per cent over the quarter to stand at €4 billion.

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Chart 1: Investment fund shares and debt securities account for over 60 per cent of ICs assets, Q2 2019

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

Chart 2: Total assets for ICs are at their highest value since the series began

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

Chart 3: Insurance technical reserves (ITRs) reached their highest value in the series. The composition of ITRs has remained largely unchanged in Q2 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 9153 KB Explanatory Notes - Insurance Statistics | pdf 334 KB