Moreover, a profitable and healthy insurance market is essential to the successful running of the wider economy, able to fulfil its role supporting consumer and business activity on a daily and weekly basis. A profitable, healthy insurance market is also likely to bring more competition to the market, offering customers more choice, more products and more services.
What we are now seeing emerge is the positive impact of the new guidelines in the motor insurance market, with the public liability and employers’ liability markets remaining problematic. While good progress has been made in overall market reform, it is essential that the other measures in the Government’s action plan continue to be progressed. These include the strengthening of the powers of the Personal Injuries Assessment Board , which is under way through the publication in August of the Personal Injuries Resolution Board Bill 2022, and the rebalancing of the duty of care and increased competition in the market.
Selective and partial use of data like this is cold comfort to policyholders struggling to pay huge insurance hikes. InsuranceReform
Never been easier to get money from insurance, why work when you can print your own 😀
IrishTimes Hahahahahahahahahaha! Insurance reform delivers more profits to the insurance industry. Nothing more. The rest is a spin.
IrishTimes This reform happened in the US. Don’t believe the propaganda. Working people will be hurt. The only benefit is big business.