The Dublin International Insurance & Management Association (DIMA) said its members wrote $31 billion (EUR22 billion at the current exchange rate) in gross written premium while netting premiums of $26 billion (EUR18 billion) last year.
DIMA represents companies writing non-Irish insurance, life and non-life reinsurance business, including captive management.
"Dublin has been developing as an international center for insurance and reinsurance for almost 20 years now," Sarah Goddard, chief executive officer of DIMA, said in a statement.
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