More about Dublin
Advantages
Irish accounting rules are more reflective of the substance of an insurance transaction than those of some European countries. Among the benefits is recognition of the time value of money. Accordingly, certain transactions can be carried at lower cost. A favourable tax regime offers additional advantages. Hannover Re Advanced Solutions factors these savings directly into the pricing of its products and shares the benefits with clients.
Infrastructure
Dublin has a state-of-the-art international telecommunications system. However, personal contacts with our business partners remain important. Dublin is easily accessible by air. It has direct air links with the major European cities and to the US. Through more than 50 flights daily to London, it is linked to every major destination worldwide. English is the spoken language in Ireland and this is a major facilitator for business. Ireland has been a dedicated member of the European Community since 1973. Further emphasising the links to the European Community with effect from 1st January 2002, the euro has become the new currency.