Insurance review yet to investigate motor costs

The Government’s review of Ireland’s insurance market is yet to begin its investigation into the cost of motor insurance policies despite soaring premiums heaping pressure on businesses and motorists.

Finance Minister Michael Noonan ordered a review of the sector in January 2016 as the steep increase in costs showed no sign of abating.

Motor premiums are now 60% more expensive than in January 2014 with costs having spiralled 35% higher this year alone.