Seventy-two percent of international insurance leaders are confident about business volume growth in the year ahead, according to results revealed at the European Insurance Forum in Dublin.
The figures were up from 62 percent in 2013, despite greater uncertainty and complexity involved with managing the business of risk.
Globally, 92 percent of insurance CEOs are confident that their revenues will increase over the next three years.
According to the survey, conducted by PwC, the top challenge facing insurers is the regulatory burden followed by implementing Solvency II. Seventy percent of respondents are of the view that Ireland's regulatory regime is more demanding when compared to other EU territories.
Sarah Goddard, CEO of the Dublin International Insurance and Management Association, commented: "Ireland has significantly reshaped it's reinsurance regulatory system to anticipate European-wide changes coming into force in 2016."
"Although this has resulted in the regulatory regime being regarded as more demanding compared to other EU member states, ultimately it means Ireland is in a stronger position to meet the new regulatory structures under the Solvency II directive than other countries."
