Insurance sector performing well

SAVINGS of around €100 million and compensation awards of €150m have been delivered by the Personal Injuries Assessment Board to date, but there can be no room for complacency warned Patricia Byron, chief executive, PIAB.

Ms Byron was speaking yesterday at the Inaugural Insurance Industry Forum hosted by PIAB.

Minister for Enterprise, Micheál Martin was guest speaker at the event and said the last five years have witnessed some remarkably positive trends in the Irish insurance sector.

“Motor insurance prices are now at November 1997 levels and employers costs are no longer the burden to business they once were,” he said.