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

B2 - Life undertakings authorised in another EEA state operating in Ireland on a branch basis

Table 2

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

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

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

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

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

Click here to read more on the annual levying process.