By 1936, as a result of the Great Depression, many life assurance companies were technically insolvent.

In 1965, Irish Life entered the UK market and competed against its former parent, initially under its own name.

Irish Life and The City of Westminster Assurance closed for new business in the UK in 1996.

Prudential Life operated in Ireland until its acquisition by Irish Permanent Building Society.

Irish Life Assurance was never a fully state owned company.

In 1947, restructuring and purchase by Minister of Finance of shares held by British life assurance companies resulting in a government holding of 90.25%.

[5] IPSI are a Third Party Administrator and supported Software provider to European Life Assurance Companies.