Politics

Varadkar predicts insurance premiums will fall in next 18 months

The Tánaiste said that reforms of the insurance sector would eventually filter through to consumers and businesses

Leo Varadkar, Tánaiste and Minister for Enterprise: ‘We know motor insurance is falling, we expect home insurance to fall this year and we expect employers’ liability and public liability insurance to fall next year, if not this year.’ Picture: Getty

Home and business insurance premiums will fall over the next 18 months as reforms of the sector begin to feed through to consumers, Leo Varadkar has predicted.

The Tánaiste and Minister for Enterprise said that work being done by an inter-departmental working group was set to cut the cost of insurance over the coming years.

“We know motor insurance is falling, we expect home insurance to fall this year and we expect employers’ liability and ...