Insurance Ireland | Business Post

Insurance probe finds lobby group made it ‘difficult, if not impossible’ to enter Irish market

Margrethe Vestager, EC competition chief, says her official’s probe into how Insurance Ireland operated a claims database effectively kept competition from entering the market

Insurance Ireland facing heavy fines over claims data access

Lobby group must meet commitments that would allow new entrants to the sector to access to a key claims information database

Donohoe warns insurers could reduce investment if taxed over state supports

The government intends to pass legislation to gather data on how much money has been retained by insurers but not to recoup it

Fleming to examine if British insurers’ pledge can be replicated in Ireland

Junior minister has contacted UK counterpart to learn if commitment given by insurers not to strip value of pandemic-related state supports from awards can be applied here

Taxpayers lose as insurers keep millions in state funds cut from Covid payouts

Government abandons promise to pursue firms for the value of any deductions made

Shortage of skilled workers a challenge for almost half of insurance companies

Some 45 per cent of Irish insurers said the availability of talent and skills was an issue, up from 24 per cent last year

Analysis: Business insurance is still profitable, contrary to industry group’s claims

Insurance Ireland and the Alliance for Insurance Reform have taken different interpretations of the data in the Central Bank’s latest report on the sector

Editorial: State must play a more active role in insurance reform

Insurance Ireland was found to have broken EU competition rules, and its delay in acting on these finding leaves room for more concern

Insurance Ireland broke EU competition rules

The European Commission has found in a preliminary judgement that the industry group delayed some insurers access to a key database

Thousands of PIAB cases to be assessed under new guidelines

Some 19,000 cases currently with the PIAB will be subject to the revised guidelines adopted by the Judicial Council

Insurance Ireland could be stripped of key claims history database

Competition watchdog has recommended that the Insurance Link database be transferred from the lobby group to an ‘independent body’

Irish insurers not ‘unique’ in giving rebates to motorists

Insurance Ireland boss Moyagh Murdock made the inaccurate claim in spite of several other European insurers also offering refunds due to Covid-19

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

Pre-emptive recovery planning for insurers

Moyagh Murdock of Insurance Ireland believes post-Covid-19 recovery planning is only one aspect of a wider and complicated framework