Insurance State reforms alone won’t cut premiums, new insurance provider warnsPeter Broome, the chief executive of OUTsurance Ireland, said that government reforms of the sector were an encouraging signal of intent
Central Bank ‘will intervene’ in the event of unfair practices in insurance industryDerville Rowland said the financial regulator was monitoring insurance providers ‘closely’ with regards to business interruption insurance and loyalty penalties
Central Bank plans to ban ‘loyalty penalties’ for car and home insuranceCustomers who stay with a private home insurance provider long-term pay almost a third more for their premiums, analysis by the regulator has found
How I manage: ‘I don’t fight battles I know I can’t win. You need to focus on change that is achievable’Open communication works wonders when it comes to resolving issues quickly and efficiently, according to Allianz Partners’ Roland Hesse
O’Leary sells insurance business to US firm Brown & Brown The Business Post understands the transaction is worth in the region of €100 million
Varadkar and Donohoe weigh in to push insurance sector reform A heavyweight government group has announced its plan to tackle fraud by placing perjury on a statutory footing, strengthening the PIAB and establishing a government office to encourage insurance market competition
Irish insurers not ‘unique’ in giving rebates to motoristsInsurance Ireland boss Moyagh Murdock made the inaccurate claim in spite of several other European insurers also offering refunds due to Covid-19
Varadkar launches action plan to tackle high cost of insuranceGovernment’s 66-point plan includes new personal injury award guidelines and efforts to fight fraud as campaigners say reform has progressed at ‘a snail’s pace’
Insurers are ‘acutely aware of their obligations’, says industry chiefInsurance Ireland’s Moyagh Murdock says member companies are paying out on business interruption claims ‘where they are warranted’