Edinburgh-based insurance company, Standard Life, has reported Irish sales up 92% to €191m in the first three months of 2007 compared to the first quarter last year.
The company said the increase in Irish sales reflects the establishment of new products and continuing strong pension sales.
Nigel Dunne, sales and marketing director of Standard Life Ireland, said the sales jump continues the momentum built up over the last number of years.
Meanwhile, worldwide sales at Standard Life increased by 40% to £3.91 billion - up from £2.8 billion in the first three months of 2006.
UK life and pension sales rose 52% to £3.2 billion, with group pension sales up 40% to £582m.
Standard Life Investments third party funds under management rose 10% in the quarter to £42.4 billion in the three months, compared to £38.5 billion at the end of December 2006.
Overall Europe life and pension sales rose 49%, though in Canada, life and pension sales fell 25%.
Sales figure are based on a PVNBP (Present Value of New Business Premiums) basis, which is calculated as 100% of single premiums plus the expected present value of new regular premiums.
