Your Money: Can we turn the tide on rising insurance costs?

Comment Focus in 2017 must be on reducing the cost of claims in motor insurance, writes Kevin Thompson

22nd January, 2017

When it comes to their personal finances, people value stability.

Insurers are the same, as insurance is the calculation of risk and liability, which have been dramatically altered in the Irish motor insurance market in recent years.

The root cause is volatility, with the market seeing increasing awards, increasing claims settlement costs, and the uncertainty arising from the Setanta decision, which makes insurers liable for the costs of a competitor failing.

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