Canada Life International Assurance
(Ireland) DAC
A wide range of solutions to suit your individual needs, backed by world-class financial strength
We offer a variety of solutions designed to grow and protect your wealth. Tax-efficiency and the flexibility to adapt to your changing needs are at the heart of our international investment and estate planning solutions. Backed by our highly regarded service, technical expertise and world-class financial strength.
Managing the potential impact of inheritance tax on your family
The tax efficiencies that can be achieved using international bonds are well known and continue to play an important role in financial planning. Their potential to grow funds in a tax efficient manner and offer control over the amount and timing of income are important features, especially when combined with effective trust arrangements to manage the impact of inheritance tax .
International bonds offer the opportunity to access a wider choice of investment funds than would normally be provided via a UK bond, and they offer additional investment adviser services such as Discretionary Fund Management (DFM) and segregated portfolio services. DFM charges in relation to international bonds from an Irish provider are VAT exempt when utilising either a DFM or segregated portfolio service – a welcome reduction in cost.
A 120 year international heritage
CLIAI is part of Great-West Lifeco, one of the largest life insurance organisations in the world, with interests in life insurance, health insurance, investments, retirement savings and reinsurance. The ethos of our parent company, and their focus on putting the long-term needs of customers first, prevails throughout our businesses, and is one of the reasons why we have successfully looked after the financial futures of so many clients for so many years.
World-class financial and capital strength
Together with Great-West Lifeco’s other subsidiaries, we serve the financial needs of more than 40 million* customers and our international business has over £28.863bn** assets under administration. CLIAI is well-capitalised and benefits from being part of this strong global group, so you can be confident that the risk of CLIAI being unable to meet its financial commitments is remote.
* Great-West Lifeco Inc. global customers relationships as at year ending 31 December 2024.
** Canada Life, as at 30 September 2025.
Strong independent ratings
The Financial Strength rating for Canada Life International has been upgraded to A (Superior) by AKG in 2024, the highest rating available. The rating applies to all three companies – Canada Life International, CLI Institutional and Canada Life International Assurance (Ireland). We also received the maximum 5-star assessment for our Service and Business Performance ratings for Canada Life International, something we have continuously maintained since 2003.
Strength and Stability
Canada Life International Assurance (Ireland) DAC (CLIAI) is based in Dublin, one of the world's leading financial centres, and has a strong commitment to international financial standards and policyholder protection. You can find out more about how CLIAI’s policyholders are protected in our Policyholder Protection Overview.
Ireland: a financial centre with stringent policyholder protection
In Ireland, policyholders benefit from some of the most stringent regulatory controls placed upon businesses that provide financial services products to customers.
Although there is no formal insurance policyholder compensation scheme in Ireland there is a robust regulatory framework in place to protect our customers:
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Regulation – this is set out by the Central Bank of Ireland (CBI)
- Separation – reserves must be held separately from all other assets of the company to meet policyholder liabilities
- Priority – the policyholder is paid before any other claim other than the cost of winding up the company
- Segregation – policyholder assets are held separately to those belonging to other shareholders
- Restriction – the types of assets that can be held are restricted to limit exposure to more volatile assets
- Solvency – insurers must meet Irish and EU legislation
- Submissions – annual submissions on solvency to CBI are subject to regular reviews and audits
- Intervention – the CBI has the power to intervene if there are concerns over an insurer’s solvency
- Review – the Canada Life Irish business is regularly reviewed by CBI to ensure compliance with the regulations and legal framework