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Irish life insurance and pensions on the rebound

April 20th, 2010 No comments

The Independent includes an article on recent growth in the Irish life insurance and pension area:

IRELAND‘s life and pensions industry has returned to growth after more than two years of steep decline.

Draft figures circulated to insurance companies show new business sales for life and pensions grew by 4pc in the first quarter of the year.

The growth follows a collapse of close to 30pc in 2008 and 2009 as the industry reeled from brutal investment markets at the economic collapse.

The latest data was compiled by actuarial consultancy Milliman, formerly known as Life Strategies.

The 4pc rise is based on the industry benchmark Annual Premium Equivalent which includes all the regular premium business for a year, plus 10pc of the single premium business

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