Insurance Companies Criticised For Not Passing On Savings To Customers

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A new report has found claims are down 14%.

Insurance companies have come in for scathing criticism for not passing on substantial savings to consumers and businesses.

The Alliance for Insurance Reform accused them of taking the public and politicians for a ride after figures from 2022 from the  Personal Injuries Assessment Board found that claims were down 14% compared to the previous year and 41% on pre-pandemic levels in 2019.
General and Life Insurance Broker at C and E Finance in Edenderry, Niall Dempsey, says it's difficult to make sense of the story:

CEO of the Alliance Brian Hanley says insurance companies need to explain why saving are not being passed on to policy holders:

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