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Gallagher completes AssuredPartners acquisition

Global insurance broker Gallagher Gallagher has completed a deal to buy AssuredPartners, a move that doubles its presence in Ireland and makes it one of the country's biggest insurance brokers.

Business • 18 Aug

Surge of AI usage in insurance sector - report

New research has found that 80% of insurers are now exploring or deploying AI solutions, while over 75% of insurtech companies have already integrated AI into live products.

Business • 31 Jul

More powers for IRB among action plan on insurance costs

Improving pricing transparency and giving the Injuries Resolution Board more powers are among the main measures outlined by the Government to bring down insurance costs in the latest action plan on insurance reform.

Business • 24 Jul

Insurance company OUTsurance announces 100 new jobs

Insurance company OUTsurance Ireland has announced the creation of 100 new jobs over the next year.

Business • 21 May

Aviva said today that its deal to buy smaller rival Direct Line would go ahead even after the UK's competition watchdog yesterday launched a review of the deal

Aviva reports 9% rise in Q1 general insurance premiums

Insurer Aviva's general premiums rose by 9% in the first quarter, it reported today, saying its deal to buy the Probitas platform and new business had driven growth in personal and commercial lines in Britain.

Business • 15 May

Aviva and Direct Line struck the landmark agreement in December to create one of London's largest listed insurers

Aviva's Direct Line deal faces UK competition probe

Aviva's bid to become Britain's largest home and motor insurer via a £3.7 billion takeover of smaller rival Direct Line suffered a potential snag today, after Britain's antitrust watchdog said it would review the deal.

Business • 14 May

The cost of motor insurance is still around a fifth lower than the peak in 2017 but has been steadily rising since 2022

Motor insurance costs up 9% in first half of last year

The average cost of a motor insurance policy increased by 9% (€49) during the first half of last year, when compared with the first six months in 2023.

Business • 07 May

According to research conducted by the Motor Insurers' Bureau of Ireland, last year there were 101,881 uninsured private vehicles being driven

Number of uninsured drivers on roads drops, data suggests

The percentage of uninsured private vehicles on Irish roads has almost halved following the introduction of the new Irish Motor Insurance Database system, which is aimed at assisting gardaí to easily detect uninsured drivers.

Ireland • 28 Apr

Over two million driver numbers have already been collected by insurers

Driver number needed for new car insurance from today

The new legal requirement for motorists to provide their driver number when renewing or taking out motor insurance is in effect.

Ireland • 31 Mar

A total of 18,676 vehicles were seized for the offence last year, compared to 11,201 vehicles in 2023

Number of uninsured vehicles seized in 2024 up 67% - MIBI

The number of uninsured vehicles seized in 2024 was up 67% from the previous year, according to a report from the Motor Insurers' Bureau of Ireland.

Ireland • 19 Mar

Royal London Ireland is owned by The Royal London Mutual Insurance Society Limited

Royal London Ireland's new business sales up 29%

Insurance company Royal London Ireland has today reported 29% growth in new business sales to €359m.

Business • 07 Mar

An Garda Síochána already receive insurance details for more than 3 million vehicles and 5 million drivers, which are updated on a daily basis

Driver number needed for car insurance from 31 March

All motorists looking to renew or take out a new motor insurance policy must provide their driver number from the end of the month onwards, according to the Motor Insurers' Bureau of Ireland.

Business • 03 Mar

Aviva Ireland has posted a general insurance operating profit of €73m for last year

Aviva Ireland's operating profit for 2024 stable at €73m

Aviva Ireland has reported a general insurance operating profit of €73m for last year, up marginally on the €72m reported in 2023.

Business • 27 Feb

AXA is expectinga pre-tax impact of about €100m from this year's Los Angeles wildfires -among the lowest in the industry for claims.

AXA avoids worst of Los Angeles fire claims

French insurer AXA has today reported better-than-expected full-year earnings, boosted by increased premiums from individual insurance policies and fewer claims for natural catastrophes.

Business • 27 Feb

Climate change could cost the insurance industry here up to €1.5 billion over the next decade, a new survey shows

Climate change could cost insurance industry €1.5 billion

A new survey shows that climate change could cost the country's insurance industry up to €1.5 billion over the next decade.

Business • 24 Jan

Close to half of all trip, slip and fall accidents occurred on roads and footpaths (Stock image)

40% drop in public liability claims in past four years

There has been a 40% drop in public liability claims between 2019 and 2023, the body which resolves personal injury claims has said.

Business • 14 Jan

9% of Irish households own jewellery worth more than €10,000, new research shows

Irish households have average €4,200 worth of jewellery

Irish households have an average of €4,243 worth of jewellery in their homes, new consumer research carried out by insurance broker Gallagher shows.

Business • 31 Dec 24

The move by Irish Life Health is the latest price increase by a health insurer in recent months

Irish Life Health premiums to rise 3.7% from January

Irish Life Health is to increase its prices by an average of 3.7% from the start of next year.

Business • 22 Nov 24

Most costs, including labour, have risen in recent years

Average home rebuilding costs climb 6.2% in the last year

The national average cost of rebuilding a home has risen by 6.2% in the last year.

Business • 20 Nov 24

Motor insurers made combined operating profits of €105m

Motor insurance premiums rose 2% last year - Central Bank

The average premium paid by consumers for motor insurance in Ireland last year rose 2% to €568, the first increase in five years.

Business • 24 Oct 24

The Central Bank has published new research, which is designed to explore the flood protection gap - the shortfall between the cost of flooding in Ireland and the portion of the cost which is insured

Flood protection gap set to grow, Central Bank warns

One in 20 buildings in Ireland have difficulty accessing flood insurance and this gap is likely to grow in future, new research from the Central Bank has found.

Business • 14 Oct 24

Aviva Ireland said it will focus on restaurants, pubs and selected hotels

Aviva to expand insurance offering to hospitality sector

Aviva Insurance Ireland has announced plans to provide increased insurance capacity to businesses in the hospitality sector after the implementation of a number of key measures in the Government's Action Plan for Insurance Reform.

Business • 09 Sep 24

Ronan O'Mahony, Daniel Hennessey - Regional Director (Mid West Region) for Arachas Insurance - and Gerry O'Mahony

Arachas buys Gerry O'Mahony Insurances in Limerick

Insurance broker Arachas has today announced a deal to buy Gerry O'Mahony Insurances, a broker based in Castletroy in Co Limerick, for an undisclosed sum.

Business • 05 Sep 24

Pure protection products aim to help people manage their finances if policyholders become unable to meet their financial commitments - typically through illness or death

UK watchdog's probe into pure protection insurance sector

Britain's Financial Conduct Authority said today it would launch a market study into so-called pure protection insurance product sales, amid fears that the design of some commission structures could lead to poor outcomes for policyholders.

Business • 28 Aug 24

RedClick has a workforce of over 400 employees across offices in Cavan, Enniskillen and Dublin

Generali launches RedClick in Irish insurance market

Insurance giant Generali has today announced the launch of its brand RedClick in Ireland, following its acquisition of Liberty Insurance's operations in January of this year.

Business • 26 Aug 24