Crunch time for the insurance sector

With spiralling costs driving many firms out of business, the government is stepping up its attempts to reform the insurance industry. Here are seven potentially game-changing developments to expect in 2020

29th December, 2019
Crunch time for the insurance sector
Garda Commissioner Drew Harris rejected the idea of establishing a dedicated insurance fraud unit within An Garda Síochána. Picture: Rollingnews

The insurance crisis engulfing the country isn’t a new phenomenon – it has, unfortunately, gone on unchecked for years. Over the past 12 months, however, its damaging consequences have become far more evident across Irish society and business.

From childcare providers to motorists, playcentre operators and those in the hospitality industry, consumers and business owners across a range of sectors had to contend with a crisis characterised by rising premiums, fraudulent claims and the...

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