Members' Area

Insurance Ireland Statement - Non-Life Renewal Regulations

 

 

 

 

Insurance Ireland has been working with the Government and the Central Bank of Ireland to put in place the Non-Life Renewal Regulations which come into force today (1 November). It has always been our belief that these regulations are important in assisting insurance customers in making informed decisions on the cover that is right for their needs. These same customers also deserve to have the long-awaited recalibration of Irish claims costs completed. It is over a year since the Personal Injuries Commission established that Irish soft tissue awards were 4.4 times those paid in the UK. We still do not know when this overdue recalibration of our personal injury awards will happen. This lack of claims cost reform will be a disappointment to Irish insurance customers and it should commence without any further delay.

 

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Address

Dublin Address:
Insurance Ireland,
Insurance Centre,
5 Harbourmaster Place,
IFSC,
Dublin 1, DO1 E7E8.

Contact Details

Telephone: 01 676 1820
Fax: 01 676 1943
info@insuranceireland.eu

or use our Query form

Brussels Address:
51, Rue Montoyer,
B-1000 Brussels

EU Transparency Register ID: 978587826097-61

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