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 €3,329,855   €1,510,922 €345,472 €68,678 €20,192

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

€15,144

€172,736

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
€15,144

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 €3,329,855
€1,510,922
€345,472
€68,678
€20,192

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

€34,339

€172,736

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 €15,144.

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
€15,144

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 
Levy
€3,329,855 
€1,510,922 
€345,472
€68,678
€20,192

Click here to read more on the annual levying process.