News - Irish Life Corporate Business
In its fourth full-year as a subsidiary of Great-West Lifeco (Lifeco), Irish Life continued to generate strong results contributing profits of €201 million (CAD$295 million) to Lifeco for the year ended 31 December 2017.
Less than half of women in Ireland have adequate financial protection, according to extensive research from one of the country's leading insurers.
Demographic pressures will put pressure on pension provision, conference told
Government to launch review of auto-enrolment and State penion
A survey by Chartered Accountants Ireland members found 96pc in favour of pension auto-enrolment.
How has the Trump economy so totally confounded the negative expectations of a year ago?
What did we learn about the tracker mortgage scandal from AIB CEO Bernard Byrne's appearance at the Oireachtas finance committee ?
And what is stopping us from making real competitors to Dublin out of places like Cork and Limerick, before the entire country becomes a commuter belt and the M50 finally grinds to a permanent halt?
In part one of today's Inside Business podcast, Business Editor Ciarán Hancock probes Cliff Taylor and Eoghan Burke-Kennedy for answers to those questions.
In part two, Markets Correspondent Joe Brennan reports on the goings-on at the World Economic Summit in Davos, Switzerland.
Cancer is the leading cause of death and illness in Ireland as Irish Life pays out €187.8 million in claims during 2017
- €129.7 million paid out in Life Insurance to 1689 families for people who died
- 2,582 claims paid across Life Insurance, Specified Illness and Terminal Illness Cover
- €53.7 million paid to 853 people for Specified Illness Cover claims – over a third of these were aged under 50
- Claims report reveals that over half of women died from cancer, compared to 38% of men
- Breast cancer was found to be the main cancer for Specified Illness Cover claims
- Heart-related conditions still the most common cause of death or illness for more men than women according to claims data
- Women claiming at an earlier age than men – average age of 64 years for female Life Insurance claims and just 51 years for Specified Illness cover, 4 years earlier than men
- Accidental deaths accounted for 25% of Life Insurance claims for people under 40
Irish Life Corporate Business are delighted to be announced as finalists for this February's Digital Media Awards.
We will be competing in two categories; Best Use of Mobile and Best Technology Innovation.
The Awards Ceremony will take place on 16 February 2018.
