Industry Funding Levy Information for Reinsurance Undertakings 

Funding Category B7 - Reinsurance undertakings with Irish head office

Types of levy for insurance undertakings in category B7

Any reinsurance undertaking entitled to conduct reinsurance business in Ireland is required to pay a prudential levy.

How to calculate your levy

The prudential levy consists of two parts:

  • a minimum levy, and
  • a variable levy based on the combined total of Gross Written Premium and Gross Technical Reserves.

For an example of how the current funding year's levy for insurance undertakings in the B7 category was calculated please see the B7 reinsurance calculation template.

Read more on the annual levying process

 

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