Global regulators have written the first global capital rule for insurers, marking a key milestone in efforts since the 2007-09 financial crisis to reinforce supervision of the sector.

Italian insurance group Generali is to create 30 new jobs at its Generali PanEurope subsidiary in Navan.

Insurance services provider Europ Assistance will create 42 jobs at its call centre in Navan in the next 12 months, bringing the total workforce to almost 250.

INSURANCE costs have jumped by 52% this year and by an average of 290% since 2000, a survey of Irish Small and Medium Enterprises Association (ISME) members has found.