Friday July 10, 2020

Insurance body sets up tracker to log how it is supporting customers during pandemic

Move comes after Minister Donohoe met with insurers to seek ‘forbearance’ on behalf of policyholders across industry

10th May, 2020
The measures were agreed to by insurers following meetings in April with Paschal Donohoe, the Minister for Finance

Insurance Ireland has agreed to establish an “activity tracker” to log supports that its members have given to their customers during the Covid-19 pandemic, the Business Post has learned.

A number of major insurers last month agreed to a common set of measures to help policyholders affected by the economic slowdown caused by the outbreak of the novel coronavirus.

These included a reduction in employer’s liability, public liability and commercial motor...

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