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Monthly Archives: June 2015

How to ensure you are not over-insured

How to ensure you are not over-insured
A common question asked by many brokers is: "Are you sure you have enough life assurance?" What usually follows is a chilling conversation about the certain destitution your loved ones will face if you don't insure yourself for X amount, at which point you sign on the dotted line out of pure fear. But my…
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Costs of insurance likely to rise again: Experts

Costs of insurance likely to rise again: Experts
Analysts have warned that even more premium price hikes are on the way.Liberty is the US giant which bought Sean’s Quinn broken Quinn Insurance in late 2011. Paying €200m, it completed the purchase of the State’s stake in Quinn only two years ago.Liberty said yesterday that it plans over the next 18 months to cut…
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Central Bank warns non-life insurance firms suffering underwriting losses

Central Bank warns non-life insurance firms suffering underwriting losses
Non-life insurance firms here are suffering underwriting losses and are becoming dependent on investment income for overall profitability, the Central Bank has warned.   The Central Bank said investment income is now proving insufficient to cover underwriting losses. In its latest macro financial review, the Central Bank said the solvency position of the sector weakened…
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Central Bank warns on ability to monitor insurance sector

Central Bank warns on ability to monitor insurance sector
Central Bank deputy governor Cyril Roux told the Department of Finance in March it did not have sufficient powers or staff to effectively regulate the insurance sector and gently rebuked it for requesting that he provide a report on issues relating to the sector. This emerges from correspondence between the Central Bank and the department,…
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