European pensions market presents huge opportunities

The past 10 years have seen tremendous growth in the international life assurance industry in Ireland and elsewhere. This growth has had a number of important catalysts such as the introduction of the Third EU Life Directive. To date, a large majority of the business written by international life companies operating out of The International Financial Services Centre (IFSC) in Dublin has been lump sum investment based. Many international life companies have leveraged off tax advantages and captive distribution back in their home states. The expansion of their business to a wider territo...