FinanceDublin.com - More time needed to see full positive impact of insurance reforms

The success of the Government’s Agenda for Insurance Reform has helped to insulate Irish insurance customers from the steep premium rises seen in neighbouring countries writes Insurance Ireland’s Moyagh Murdock. She writes that it is early days with regards the Personal Injury Guidelines, as well as the new Duty of Care Legislation, and says the Courts’ treatment of the latter will be an important indicator of the effectiveness of the reform.

The Government’s Agenda for Insurance Reform has yet to reach full potential, however, the reforms and the industry’s strong commitment to deliver for customers has undoubtedly insulated the Irish insurance market against the steep increases in premium costs seen in neighbouring countries.

Central Statistics Office (CSO) figures to date this year indicate that premiums for motor insurance are slightly increasing following the steep decrease which was supported by the....

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