The pendulum swings down for insurance costs - but for how long?

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Manage episode 307422908 series 2284665
By Inside Business with Ciaran Hancock. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Irish motor insurers last year enjoyed their highest level of profitability since at least 2009, as the level of road accidents and claims declined during Covid-19 restrictions, according to a Central Bank of Ireland report.On today's podcast Ciarán Hancock talks to markets correspondent Joe Brennan about the health of Ireland's insurance industry. He also talks to Conor Faughnan, who in his former role as director of consumer affairs for AA Ireland became well known to a generation of Irish motorists. They discuss premiums, claims and profits in the industry that some say are excessive.

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