Saturday July 4, 2020

An Australian lesson in insurance company failure

If Sean Quinn’s troubled insurance group was under-pricing its premiums, have its competitors been doing the same?

29th May, 2010

In the autumn of 2008, a London-based insurance underwriter told me that Quinn Insurance would face difficulties be cause it was under-pricing the risks it was writing in the British and Irish insurance markets. In plain English, he reckoned that Quinn Insurance wasn’t charging consumers and businesses enough to meet future claims.

The underwriter, who did not wish to be identified, advised me to go and buy a book about the collapse of Australian...

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

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 6 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago