Government urged to ‘get serious’ with insurers as commercial premiums rise 16%

Tánaiste and Enterprise Minister Leo Varadkar has said the process of reform should continue 'until premiums begin to fall across the board'. Picture: Leah Farrell/RollingNews.ie

The Government has been urged to “get serious” with insurers amid news that commercial premiums have increased by 16% since the introduction of new judicial guidelines aimed at reducing insurance payouts.

Peter Boland, director of the Alliance for Insurance Reform, welcomed the progress seen to date as evidenced by the Department of Enterprise’s third insurance reform implementation report. It shows that 90% of actions in the State’s insurance reform plan have now been enacted.