Insurers to engage with Central Bank dual-pricing study

In a statement, Insurance Ireland said it is important that any market study fully considers the operation of the market to ensure a balanced approach is achieved for all customers.

Yesterday, RTÉ News reported that it had learned that the Central Bank is to commission a study to inform its next actions in relation to the issue, amid growing political pressure to examine it. Mr Doherty today met with representatives of the CCPC and gave them a lengthy submission on the matter. It added that pricing decisions are commercial matters and are the sole responsibility of individual insurers."It is not acceptable that any insurer should adopt as a component of its business model any practice which is fundamentally anti-consumer," said Cathie Shannon, Director of General Insurance at Brokers Ireland.

Insurers will also have to provide a quotation for all of the cover options they offer in one single renewal notice.

IrelandOOO

fbd_ie tried doing this to me too. I just moved to a different insurer. Saved €400.

'alleged'

Me hole!!

Funny how this gets acted on while the can that is super high personal injury awards gets kicked down the road. It’s almost as if personal injury actions are linked in some way to a very powerful and influential group that gain monetarily from our litigious society...

If you don’t shop around then you can’t complain if they tip you off noloyaltytothecustomer

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