Funding Category B1 - Life insurance companies with Irish head office and life insurance undertakings authorised in another non-EEA member state operating in Ireland
Types of levy for insurance undertakings in category B1
Insurance undertakings in category B1 may be subject to two types of levy:
- a prudential levy – this is applicable only to those insurance undertakings whose head office is located in Ireland.
- a consumer levy - this is applicable only to those insurance undertakings that generate premium income on Irish risk business. Therefore, an insurance undertaking that does not undertake retail business is not liable to pay the consumer levy.
How to calculate your levy
Both prudential and consumer levies consist of two parts:
- a minimum levy, and
- a variable levy based on
- global gross premium income in the case of the prudential levy; and
- gross premium income written on Irish risk business in the case of the consumer levy.
For an example of how the current funding year's levy for insurance undertakings in the B1 category was calculated please see the
Read more on the annual levying process.
Funding Category B2 - Life insurance undertakings authorised in another EEA member state operating in Ireland on a branch basis
Types of levy for insurance undertakings in category B2
Branches are not subject to the prudential charge as prudential supervision is the responsibility of the home member state regulator.
However, branches engaged in the writing of Irish risk business will be required to pay a consumer levy.
How to calculate your levy
The consumer levy consists of two parts:
- a minimum levy, and
- a variable levy based on gross premium income written on Irish risk business.
For an example of how the current funding year's levy for insurance undertakings in the B2 category was calculated please see the 
B2 consumer calculation template.
Read more on the annual levying process.
Funding Category B3 - Life insurance undertakings authorised in another EEA member state operating in Ireland on a cross-border basis
Types of levy for insurance undertakings in category B3
Entities undertaking cross border business are not subject to the prudential charge as prudential supervision is the responsibility of the home member state regulator.
However, entities carrying out cross border business in Ireland are required to pay a consumer levy based on gross premium income written on Irish risk business.
Entities operating in Ireland on a cross-border basis are obliged to determine the amount of levy contribution they are required to pay and submit the appropriate amount to the Central Bank of Ireland. No levy notices will be issued.
How to calculate your levy
The consumer levy consists of two parts:
- a minimum levy, and
- a variable levy based on gross premium income written on Irish risk business.
For an example of how the current funding year's levy for insurance undertakings in the B3 category was calculated please see the B3 consumer calculation template.
Read more on the annual levying process.