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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

UK regulator is imposing reforms on British accounting firms after a series of scandals but their branches here do not intend to follow suit

Daniel Murray | 10 hours ago

The rapid digital shift resulting from lockdown measures to combat Covid-19 suggests that the pace of change in the banking sector may take everyone by surprise

Xavier Vives | 11 hours ago

Lender had securitised loans previously acquired from ICS into special purpose vehicle now worth €110 million

Ian Guider | 5 days ago