Industry overview
Insurance is a hugely important and diverse industry. It influences just about every sector and subject area, underpinning everything from small companies to multinational organisations and even global economies. In Ireland, insurance employs over 28,000 people.
Life Assurance
Life Assurance companies provide different types of life assurance and pension policies to meet clients’ financial needs. The roles assurance companies play include the drafting development and management of:
- Life assurance policies
- Income protection policies
- Serious illness policies
- Savings plans
Life assurance companies also provide financial planning services for clients.
General (non-life) Insurance
The General Insurance market consists of three main sectors: motor, household and travel insurance.
Motor: protects you as a motorist against liability in the event of an accident that you may cause.
Household: is made up of two parts, building insurance and contents insurance.
Travel: protects you from a wide range to risks when you travel. Some include: flight cancellation, emergency medical treatment, theft, lost passport and more.
