The document discusses the Irish insurance market, which represents 7.4% of Ireland's GDP and employs over 15,000 people. It established the Financial Regulator in 2003 to monitor financial institutions and provide consumer protection. The Irish Insurance Federation represents 63 insurance companies in Ireland and works to further the interests of the industry. Dublin's International Financial Services Centre was established in 1987 to boost the economy through low corporate tax rates and attract foreign investment in financial services.