Consumers pay €236m over Quinn Insurance collapse

Consumers have paid more than €236m in additional levies over the past four years as a result of the collapse of Quinn Insurance, and are set for more than a decade of further financial pain before the cost will be fully covered.

Customers have been forking out to cover the cost of Quinn’s demise since 2012 when a 2% levy on all non-life insurance premiums was introduced.

The funds are paid into the Insurance Compensation Fund (ICF).