Irish general insurance companies made a greater loss in 2000 than in 1999, the country's Insurance Annual Report has revealed.

In 1999, the loss was IR£201m, compared to IR£357m in 2000.

The gross premium income in 2000 was IR£3.52bn. General companies made 25% of the total IR£13.95bn gross written premium, with 75% going to life insurers.

The IR£13.95bn total was a 32% increase on the figures for 1999.