Personal injuries claims numbers see big fall - PIAB The number of claims made to the Personal Injuries Assessment Board decreased last year, mainly as a result of the Covid-19 pandemic. There was also a reduction in the level of awards paid out to claimants. Business • 27 Jul 21
Personal injuries claims numbers see big fall - PIAB The number of claims made to the Personal Injuries Assessment Board decreased last year, mainly as a result of the Covid-19 pandemic. There was also a reduction in the level of awards paid out to claimants. Business • 27 Jul 21
Central Bank recommends insurance loyalty penalty ban The Central Bank has recommended a ban on home and motor insurance customers being charged a loyalty penalty the longer they remain with an insurance provider, a practice known as "price walking". Business • 21 Jul 21
Central Bank recommends insurance loyalty penalty ban The Central Bank has recommended a ban on home and motor insurance customers being charged a loyalty penalty the longer they remain with an insurance provider, a practice known as "price walking". Business • 21 Jul 21
Insurance companies launch new Irish InsurTech hub 12 players in the Irish insurance sector have today joined forces to promote the country as an EU hub for the growing InsurTech industry. Business • 21 Jul 21
Insurance companies launch new Irish InsurTech hub 12 players in the Irish insurance sector have today joined forces to promote the country as an EU hub for the growing InsurTech industry. Business • 21 Jul 21
Insurance report shows wide disparity in legal costs The Central Bank has published data on employers' liability, public liability and commercial property insurance for the first time. Business • 14 Jul 21
Insurance report shows wide disparity in legal costs The Central Bank has published data on employers' liability, public liability and commercial property insurance for the first time. Business • 14 Jul 21
Varadkar expects reduction in insurance premiums 'soon' Tánaiste Leo Varadkar has said he expects insurance premiums will be reduced "quite soon" after preliminary data from the Personal Injuries Assessment Board suggested the average award has decreased by around 50%. Politics • 06 Jul 21
Varadkar expects reduction in insurance premiums 'soon' Tánaiste Leo Varadkar has said he expects insurance premiums will be reduced "quite soon" after preliminary data from the Personal Injuries Assessment Board suggested the average award has decreased by around 50%. Politics • 06 Jul 21
Campion Insurance buys Galway and Mayo based Future Insurance brokers Campion Insurance has announced plans to rebrand Future after its recent merger with the Galway and Mayo based brokerage. Business • 09 Jun 21
Campion Insurance buys Galway and Mayo based Future Insurance brokers Campion Insurance has announced plans to rebrand Future after its recent merger with the Galway and Mayo based brokerage. Business • 09 Jun 21
Chill Insurance's profits quadruple to €2.33m Pre-tax profits at Chill Insurance last year increased more than four fold to €2.33m. Business • 31 May 21
Chill Insurance's profits quadruple to €2.33m Pre-tax profits at Chill Insurance last year increased more than four fold to €2.33m. Business • 31 May 21
FBD says performance in line with expectations FBD Insurance has said the provision it holds for Covid-19 business interruption claims relating to its pub policies remains at €65m net of reinsurance. Business • 12 May 21
FBD says performance in line with expectations FBD Insurance has said the provision it holds for Covid-19 business interruption claims relating to its pub policies remains at €65m net of reinsurance. Business • 12 May 21
Insurance renewal costs expected to drop from next week Insurance reform campaigners have said they expect the cost of motor and liability insurance renewals to drop significantly from Monday. Business • 23 Apr 21
Insurance renewal costs expected to drop from next week Insurance reform campaigners have said they expect the cost of motor and liability insurance renewals to drop significantly from Monday. Business • 23 Apr 21
Laya Healthcare to increases prices by average of 2.3% Laya Healthcare is to increase its insurance prices by an average of 2.3% from June, roughly equivalent to a €33 price increase for its customers. Business • 16 Apr 21
Laya Healthcare to increases prices by average of 2.3% Laya Healthcare is to increase its insurance prices by an average of 2.3% from June, roughly equivalent to a €33 price increase for its customers. Business • 16 Apr 21
Covid-19 pushes Lloyd's of London to £900m loss in 2020 The coronavirus pandemic pushed Lloyd's of London to a £900m pre-tax loss in 2020, compared with a £2.5 billion profit in 2019, the commercial insurance market said today. Business • 31 Mar 21
Covid-19 pushes Lloyd's of London to £900m loss in 2020 The coronavirus pandemic pushed Lloyd's of London to a £900m pre-tax loss in 2020, compared with a £2.5 billion profit in 2019, the commercial insurance market said today. Business • 31 Mar 21
Government aiming to get Covid curbs balance 'right' Minister for Finance Paschal Donohoe said today that issues including the re-opening of the construction sector and the re-introduction of click-and-collect services will not be dealt with in isolation. Business • 24 Mar 21
Government aiming to get Covid curbs balance 'right' Minister for Finance Paschal Donohoe said today that issues including the re-opening of the construction sector and the re-introduction of click-and-collect services will not be dealt with in isolation. Business • 24 Mar 21
Government calling insurance firms on cost of premiums The chief executives of the major insurance companies will be contacted by Government today and will be pressed to reduce the cost of premiums following a revision of guidelines for personal injury awards. Business • 08 Mar 21
Government calling insurance firms on cost of premiums The chief executives of the major insurance companies will be contacted by Government today and will be pressed to reduce the cost of premiums following a revision of guidelines for personal injury awards. Business • 08 Mar 21
Actions needed to reduce insurance costs - NCC The National Competitiveness Council has said key actions must be taken to reduce costs in the Irish liability insurance market, including bringing personal injury award levels in line with other jurisdictions. Business • 25 Feb 21
Actions needed to reduce insurance costs - NCC The National Competitiveness Council has said key actions must be taken to reduce costs in the Irish liability insurance market, including bringing personal injury award levels in line with other jurisdictions. Business • 25 Feb 21
Oireachtas committee wants personal injury awards cut An Oireachtas committee has called on judges to dramatically reduce the level of minor personal injury awards when they meet this weekend to consider the matter. Business • 17 Feb 21
Oireachtas committee wants personal injury awards cut An Oireachtas committee has called on judges to dramatically reduce the level of minor personal injury awards when they meet this weekend to consider the matter. Business • 17 Feb 21
Criticism of bill on dual pricing in insurance industry A bill to restrict the practice of differential pricing by insurance companies has been criticised by Government for failing to acknowledge the positive effects of the practice. Ireland • 17 Feb 21
Criticism of bill on dual pricing in insurance industry A bill to restrict the practice of differential pricing by insurance companies has been criticised by Government for failing to acknowledge the positive effects of the practice. Ireland • 17 Feb 21
EU watchdog says super regulator for insurers overdue Regulating insurers in the European Union should be removed from member states and handed to a powerful bloc-wide body that can push through reform such as simpler information for policyholders, the bloc's insurance watchdog said today. Business • 04 Feb 21
EU watchdog says super regulator for insurers overdue Regulating insurers in the European Union should be removed from member states and handed to a powerful bloc-wide body that can push through reform such as simpler information for policyholders, the bloc's insurance watchdog said today. Business • 04 Feb 21
UK court hands firms victory in Covid insurance ruling The UK Supreme Court has ruled today that thousands of businesses should be insured for some losses amassed after a national lockdown to curb the coronavirus pandemic in a test case that pitched the markets regulator against major insurers. Business • 15 Jan 21
UK court hands firms victory in Covid insurance ruling The UK Supreme Court has ruled today that thousands of businesses should be insured for some losses amassed after a national lockdown to curb the coronavirus pandemic in a test case that pitched the markets regulator against major insurers. Business • 15 Jan 21
Key actions required to ensure insurance reform The Alliance for Insurance Reform has said the insurance crisis can be sorted in 2021 if key actions are completed. Business • 04 Jan 21
Key actions required to ensure insurance reform The Alliance for Insurance Reform has said the insurance crisis can be sorted in 2021 if key actions are completed. Business • 04 Jan 21
Sinn Féin publish legislation to ban dual pricing Sinn Féin has today published legislation that it says will ban dual pricing from the insurance market and empower the Central Bank, courts and Financial Ombudsman to enforce the new laws. Business • 18 Dec 20
Sinn Féin publish legislation to ban dual pricing Sinn Féin has today published legislation that it says will ban dual pricing from the insurance market and empower the Central Bank, courts and Financial Ombudsman to enforce the new laws. Business • 18 Dec 20
Central Bank finds insurers penalise loyal customers The Central Bank has found that a majority of insurers are using a controversial practice known as differential pricing in calculating how much customers premiums should be. Business • 14 Dec 20
Central Bank finds insurers penalise loyal customers The Central Bank has found that a majority of insurers are using a controversial practice known as differential pricing in calculating how much customers premiums should be. Business • 14 Dec 20
Warning to be alert to insurance broker fraudsters Customers seeking insurance cover have been warned to be alert to the risks posed by fraudsters posing as legitimate brokers. Ireland • 30 Nov 20
Warning to be alert to insurance broker fraudsters Customers seeking insurance cover have been warned to be alert to the risks posed by fraudsters posing as legitimate brokers. Ireland • 30 Nov 20
CSO ends project tracking cost of business insurance The Central Statistics Office has confirmed that it will not be continuing with a project to track the cost of insurance for businesses and voluntary groups. Business • 12 Nov 20
CSO ends project tracking cost of business insurance The Central Statistics Office has confirmed that it will not be continuing with a project to track the cost of insurance for businesses and voluntary groups. Business • 12 Nov 20
RSA says underwriting profit strongly higher in 2020 England's second national lockdown is unlikely to have much impact on insurer RSA as many policies now have pandemic-related exclusions, its chief executive said today as it reported a rise in underwriting profit in the first nine months. Business • 05 Nov 20
RSA says underwriting profit strongly higher in 2020 England's second national lockdown is unlikely to have much impact on insurer RSA as many policies now have pandemic-related exclusions, its chief executive said today as it reported a rise in underwriting profit in the first nine months. Business • 05 Nov 20
Judgment on pubs' action against FBD due in early 2021 Judgment will be given on four important test cases brought by pub owners over FBD Insurance's refusal to pay out on business disruption over the Covid-19 pandemic early in the New Year. Courts • 23 Oct 20
Judgment on pubs' action against FBD due in early 2021 Judgment will be given on four important test cases brought by pub owners over FBD Insurance's refusal to pay out on business disruption over the Covid-19 pandemic early in the New Year. Courts • 23 Oct 20
