Better safety boosts insurance profits

Improved road safety was partly responsible for the insurance industry’s first profit from motor cover since 1998, companies said tonight.

Better safety boosts insurance profits
Fri, 01 Aug, 2003 - 20:05

Improved road safety was partly responsible for the insurance industry’s first profit from motor cover since 1998, companies said tonight.

The Irish Insurance Federation reported that last year’s surplus of €183m compared to losses of up to €140m between 1999 and 2001.

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