Monday November 30, 2020

Insurers last in popularity stakes as they are still not putting customers first

The Central Bank has rapped the insurance industry for ignoring its call to not pay dividends during the pandemic, insurers have not paid out on business interruption claims, and the industry is the subject of three high-level investigations

22nd November, 2020
Moyagh Murdock, chief executive of Insurance Ireland, has said the group was keen to improve the customer and consumer focus of the industry. Picture: Fergal Phillips

By the nature of its work, the Central Bank of Ireland (CBI) doesn’t tend to be the bearer of good news all that often. The onerous job of protecting customers from harm and the financial system from vulnerabilities often requires sternly worded communiqués to be issued from the bank‘s offices in the Dublin docklands.

Perhaps no sector is more often in the firing line than the insurance industry, and...

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