Fourth, the remaining foreign-owned concerns also using Ireland as an export base and which remain solid. BIS central bankers’ speeches  3  Although the first three categories all got into trouble and had to be rescued, only the first category was implicated in the fiscal cost to the Irish Government, as it did not guarantee the other categories.
It is why they have set aside substantial provisions for possible loan defaults in the future.   Insurers are not being affected so directly by the coronavirus crisis, but they have been under heavy pressure from persistently low interest rates for a long time. This is especially impacting life and funeral insurers.