Noel Garvey of the Society of Actuaries in Ireland said: "It's really balancing fairness for injured parties and the cost of insurance in both jurisdictions."
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#VMNews
Minister of State @RobertTroyTD, has today welcomed the publication of the Society of Actuaries in Ireland Injury Awards Benchmarking Report & says further insurance reform must continue.
Read more: https://t.co/YXkGSVqq6i
‘Irish motor insurers still pay 50% more than UK peers for third-party injury claims’
The Government needs to take decisive action to resolve more cases at the Injuries Board and pass the Judicial Council (Amendment) Bill promptly.
#Insurancereform
https://t.co/4AoAkA7WCB
Liability insurance for businesses, sports, community and voluntary organisations is up 23% in that time too, despite promises by insurers and a range of positive reforms from government.
#InsuranceReform
The planned dividend will bring the total such distributions by the company since the Covid-19 pandemic, when insurers were asked by regulators to hold off on dividends and buy-backs to protect their capital positions, to €434 million. https://t.co/UyYvirKhkz
Great to have the chance to discuss insurance reform with so many interested TDs and Senators today.
Their support is essential in ensuring the benefits of reforms are passed on to policyholders.
Sincere thanks to Senator @LindaMurray05 for inviting us.
#InsuranceReform