Insurance premiums must fall, says report

INSURANCE premiums must drop by a third within two years to ensure value for money, a high powered Dáil body has concluded.

A report released by the Joint Committee on Enterprise and Small Business yesterday found that Irish consumers are effectively being charged 30% more than they should be for their insurance.

“The Joint Committee will not be happy to see prices merely stabilise . . . but wants significant reductions to at least the levels applying some years ago,” the report demanded.