Since 2014, the licences of 12 life and 42 non-life insurers who had head offices or branches here were revoked.
"As more and more firms leave the Irish market, consumers are the ones to lose out," Mr McGrath said. But he acknowledged that nonetheless, the data does suggest that there has been an increased trend for non-life companies operating on a freedom of services basis to leave the Irish market, particularly between the years 2017 and 2019.
Mr Donohoe said that regardless of what the figures suggest, in order to attract new non-life insurers to operate in the Irish market the recommendations of the Cost of Insurance Working Group must be implemented.
Ireland is a third world service station for the elites and a few of the indigenous ruling class . A global depression or complete change as in Every party and NGO are deported .. Ireland will never have a chance .. we are the laughing stock of Europe and the world.
Solution fix claims at the European average.. clown world Honk Honk