Officials say efforts to reform public liability insurance have failed

Payouts in Ireland are almost four and a half times higher than in England and Wales, ministerial briefing shows

26th July, 2020
Officials say efforts to reform public liability insurance have failed
The previous government’s working group on insurance had succeeded in improving some segments of the insurance sector, but not all

Government efforts to reform the market for public liability insurance for at-risk sectors have largely failed, officials have conceded.

Minister for Finance Paschal Donohoe was told by his officials, in a brief prepared following his reappointment to the role, that the previous government’s working group on insurance had succeeded in improving some segments of the insurance sector, but not all.

“While undoubtedly there has been some improvement in the motor insurance market arising...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

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.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Changes to EIIS would benefit us all

Billy Kelleher: Digitisation of financial services requires complex and clever regulation

Tom Maguire: Staying competitive from a corporation tax perspective

Mortgage rules raise doubts over shared equity housing scheme