02244cas a2200289 a 4500 AALejournalIMF023010 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400216664 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Ireland : Financial Sector Assessment Program-Technical Note on Insurance Regulation and Supervision. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (49 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Ireland's insurance sector is characterized by high penetration and density in both the life and the non-life sector, which, however, stems largely from outward cross-border business (Table 2). In terms of premiums, Ireland hosts the fourth largest insurance sector in the European Union (EU), and assets managed by the insurance industry amount to 117 percent of the GDP, compared to 72 percent for the EU average. The large majority of Irish insurers are subsidiaries of international groups and often have significant interlinkages with related entities within the same group. Extensive intra-group financial links could expose local entities to concentration and other risks. Cross-border business plays an essential role, and Irish insurers hold relevant market shares in other EU member states. Many firms operate on an 'outward' cross-border basis, so that in total less than 30 percent of premiums is written in Ireland. Mode of access: Internet International Agreements and Observance imf International Organizations imf Monetary Policy imf Ireland imf IMF Staff Country Reports; Country Report ; No. 2022/244 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=244 IMF e-Library