New Central Bank data shows that motor insurance premiums fell by 5% in the first six months of last year.
“I think they can do more but what I am encouraging is that the insurance companies, and also everybody else, stick with the PIAB process, which is faster,” she said. Minister Carroll MacNeill said she was pleased to see the drop in premiums – noting that it is “really important motor insurance is affordable and accessible”.Asked whether companies were doing enough on the cost of policies, she said she has been very clear with CEOs on what she wants to see.
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