Lynk taxi app boss sees fare hikes on soaring premiums

The boss of Irish taxi app firm Lynk, which is planning a debut into Cork and Galway, said the soaring costs of insurance for drivers will inevitably be passed onto consumers in higher fares.

Chief executive Noel Ebbs told the Irish Examiner that the industry’s “big worry” was that it faces a huge hike in insurance premiums over which it has no control.

In 2013, premiums for Dublin and Cork taxi drivers jumped from €600 to €800 for existing and highly experienced drivers to €1,000, and subsequently leapt to €1,500, Mr Ebbs said.