'Unquestionable' that rising costs will feed into higher insurance

Peter Boland from the Alliance for Insurance Reform said the Government has a 'golden opportunity to make the cost of insurance affordable now and forever'.

Insurance costs are in danger of rising on the back of soaring inflation being experienced across the Irish economy, an Oireachtas committee has been warned.

Moyagh Murdock, chief executive of Insurance Ireland, told the Oireachtas Enterprise committee it was “unquestionable” that rising costs in general commodities and resources was feeding into “everything that we do” and is having a “major impact”.