Polishing up the Irish market
Ireland had, for some, lost its shine, but recent initiatives by the Irish government to drive down claims costs have buffed up the country's insurance sector — in particular, the liability market — and restored its attraction for UK insurers. Richard Adams takes a closer look.
Insurers in search of a potentially rewarding challenge should perhaps look again at the Irish market, following recent initiatives taken by Ireland's Deputy Prime Minister Mary Harney, who vowed this
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Personal
Ageas and Saga go live with home insurance product
After launching motor insurance product, Ageas and Saga have gone live with a home insurance product.
Mission considering launching personal lines MGA
Mission is considering launching a personal lines-angled MGA or overseeing a personal lines product launch from one of its businesses in the future.
Compare the Market reports drop in period home premiums
Compare the Market has reported a 15% year-on-year drop in home insurance premiums for homes built before the First World War.
Defaqto argues vet reforms unlikely to lower pet premiums
The Competition and Markets Authority’s reforms to the UK veterinary sector are set to reshape the pet insurance market but are unlikely to result in lower premiums, according to Defaqto.
NFU Mutual denies playing catch-up with digital strategy
NFU Mutual has positioned its digital transformation as a long-term strategy to blend technology with its agency model, rather than simply playing catch-up with the rest of the market.
Markerstudy’s Beal outlines two paths for ChatGPT in insurance
Andrew Beal, director of architecture and innovation at Markerstudy, predicts two ways in which ChatGPT could transform insurance distribution, and urges the industry to be prepared for both.
Rising labour costs leaving buildings underinsured
Shortages in skilled trades are forcing rebuild values up, potentially leaving buildings underinsured, according to RebuildCostAssessment.com.
Is it third time lucky for Axa as it merges divisions again?
Content Director’s View: With Axa UK and Ireland combining its personal and commercial businesses into one, Jonathan Swift reflects on why insurers often oscillate between splitting and merging these divisions, and what led the insurer to believe this latest move will pay off now despite similar attempts in 2005 and 2016.