Irish businesses face high insurance costs despite reforms

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By Joel Poultney (April 22, 2022, 5:02 p.m. BST) – Four in 10 Irish businesses surveyed said insurance premiums were a threat to their future, according to new industry findings released on the anniversary of the reforms. large scale in the sector in Ireland.

The Alliance for Insurance Reform, a lobby group, said on Thursday that a survey of more than 950 of its members between April 5 and April 20 showed growing concerns that the reforms radical changes introduced in April 2021 did not lead to a reduction in liability premiums.

The lobby group noted that, in fact, its ongoing survey of liability insurance premium renewals shows costs have risen 16% since the new guidelines…

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