Industry Funding Levy Information for Life, Non Life and Reinsurance Undertakings
B1 - Life undertakings with Irish head office and life insurance undertakings authorised in another non-EEA state operating in Ireland
Such institutions shall be liable to pay the levy contribution corresponding to its impact category as set out in Table 1 below:
Table 1
Impact Category |
Ultra High |
High |
Medium High |
Medium Low |
Low |
Levy |
€3,562,052 |
€1,616,281 |
€369,563 |
€73,497 |
€22,822 |
B2 - Life undertakings authorised in another EEA state operating in Ireland on a branch basis
Table 2
Gross Premium written on Irish risk business
|
€0 - €100 million
|
> €100 million
|
Levy
|
€17,177
|
€184,781
|
B3 - Life undertakings authorised in another EEA state operating in Ireland on a cross border basis
As insurance undertakings operating in Ireland on a cross border basis may write Irish risk business they will be subject to a levy designed to contribute towards the cost of consumer protection regulation. The amount of such levy is set out in Table 3 below:
Table 3
Impact Category |
Ultra High |
High |
Medium High |
Medium Low |
Low |
Levy |
N/A
|
N/A
|
N/A
|
N/A
|
€17,117
|
B4 - Non life undertakings with Irish head office
Such institutions shall be liable to pay the levy contribution corresponding to its impact category as set out in Table 4 below:
Table 4
Impact Category |
Ultra High |
High |
Medium High |
Medium Low |
Low |
Levy |
€3,562,052
|
€1,616,281
|
€369,563
|
€73,467
|
€22,822 |
B5a - Non life undertakings authorised in another EEA state operating in Ireland on a branch basis that write motor insurance in Ireland
Such institutions shall be liable to pay the levy contribution corresponding to its impact category as set out in Table 5 below:
Table 5
Gross Premium written on Irish risk business
|
€0 - €50 million
|
> €50 million
|
Levy
|
€36,734
|
€184,781
|
B5b - Non life undertakings authorised in another EEA state operating in Ireland on a branch basis that are not included in B5a
Such institutions shall be liable to pay a flat rate levy contribution of €17,117.
B6 - Non life undertakings authorised in another EEA state operating in Ireland on a cross border basis
As insurance undertakings operating in Ireland on a cross border basis may write Irish risk business they will be subject to a levy designed to contribute towards the cost of consumer protection regulation. The amount of such levy is set out in Table 6 below:
Table 6
Impact Category |
Ultra High |
High |
Medium High |
Medium Low |
Low |
Levy |
N/A
|
N/A
|
N/A
|
N/A
|
€17,117
|
B7 - Reinsurance undertakings with Irish head office
Such institutions shall be liable to pay the levy contribution corresponding to its impact category as set out in Table 7 below:
Table 7
Impact Category |
Ultra High |
High |
Medium High |
Medium Low |
Low |
Lev
|
€3,562,052
|
€ 1,616,281
|
€369,563
|
€73,467
|
€22,822
|
Click here to read more on the annual levying process.