News & Insights
Insurance claimants shun PIRB, preferring to take cases to court
People making injury claims were less likely to go to the Personal Injuries Resolution Board (PIRB) and more inclined to go to court in 2022, according to a new report from the Central Bank. It found that 16pc of claimants settled directly with insurers, 10pc before involvement by the PIRB and 6pc after it got […]
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Profits soar to €72m at Aviva Ireland
Aviva Ireland saw operating profits soar to €72m in 2023, driven by investment returns. Combined operating ratio remained stable at 96pc. CEO highlights progress in insurance reform.
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Woman’s €760,000 injury claim dismissed after she admits she won Christmas tree-throwing competition
Irish mum’s €760,000 injury claim dismissed after winning Christmas tree tossing competition. Court ruled her actions contradicted her injury claims.
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Michael Flatley asks court to prevent insurer from cancelling coverage for his Cork mansion
Michael Flatley has claimed before the High Court that an insurance company plans to pull the cover it has been providing for his Co Cork-period mansion. The former Riverdance star has brought proceedings against several parties before the commerical division of the High Court over an alleged €30 million worth of damage caused to Castlehyde […]
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Premiums remain stubbornly high going into the new year despite reforms
The spring of 2024 is an important time in insurance reform particularly in the context of the legal costs associated with personal injury claims A lot has happened in insurance in this country recently, although you might not have realised this if you run a business, voluntary or community group, charity, or cultural or sporting […]
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Insurance premiums still rising despite huge fall in payouts – CSO figures
There has been a sharp fall in the number and the value of claims paid out by the State’s Personal Injuries Assessment Board. But despite the 16-year low in the value of claims paid out last year motor insurance premiums rose in the last year, according to separate Central Statistics Office figures. CSO inflation figures […]
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Collaborative Crackdown on Insurance Fraud Eyes Personal Injury Schemes in Ireland
A Memoranda of Understanding, signed by Minister Jennifer Carroll MacNeill and key insurance stakeholders, targets fraudulent personal injury claims like exaggerated injuries and staged accidents, aiming to alleviate inflated premiums borne by policyholders due to such deceptive practices.
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Government told to act to stop ‘insurers pocketing savings from lower pay-outs’
Campaigners say insurance companies have failed to pass on any benefit to their customers of a reduction in court pay-outs, and demanded that they lower premiums. The Alliance for Insurance Reform said that a major fall in the number and value of personal injury awards was leading to millions of euro in savings for insurance […]
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Uncovering the Real Reason for the Recent 5% Drop in Car Insurance Prices: What’s Behind the Trend?
Discover how the introduction of new guidelines has forced insurance companies to lower car insurance prices, and learn how to make a claim for compensation in this evolving landscape.
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Motor insurance companies ‘can do more’ to bring down prices – Insurance minister
Motor insurance premiums fell by just 5% in the first six months of last year.
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FBD trims estimate of business-interruption costs
Insurer FBD has slightly lowered its estimate of costs linked to business-interruption insurance to €42 million, from a previous figure of €43 million. The costs arise from a High Court ruling in 2021 in a test case involving four pub owners. The court ruled that the businesses were entitled to be compensated under their policies for […]
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‘Taken for a ride’ – Cost of car insurance premiums on the rise again despite fall in claims costs
The most recent report from the PIAB, the average personal injury award by PIAB between January and June 2022 was €14,786, some 38pc lower than before the guidelines were implemented.
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