Latest News

The Irish insurance market is a key sector and major contributor to the performance of the Irish economy.

This section contains the latest news and publications from the IIF. For a comprehensive listing of IIF press statements and publications, please see the media and publications section of the site.

Media queries

All media queries should be referred to the IIF's PR & Communications Manager, Ms Jane O'Driscoll.  T: 01 6447 781.

Press Statements

 

IIF Welcomes Drink-Driving Measure

The Irish Insurance Federation (IIF) called for the reduced blood-alcohol limit in the Road Traffic Bill, which reaches its Final Stage in the Dail today, to be brought into force as soon as possibles.

07/07/10

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IIF Support for CEA report urging G-20 to recognise differences between insurers and banks

The Irish Insurance Federation (IIF) welcomed the publication of the CEA (the European insurance and reinsurance federation) report on the fundamental differences between insuerers and banks.

25/6/10

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Unprecedented Flood and Freeze Give Rise to Property Insurance Claims of €541m 

Figures published today by the Irish Insurance Federation (IIF) reveal that the combined insured property cost of the November floods and the January freeze stand at €541 million.

25/02/10

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Insurers Issue Tips to Avoid Burst Pipes

In light of the recent severe weather, and Met Eireann forecasts of night-time temperatures dropping as low as -5ºC this weekend, the Irish Insurance Federation (IIF) has advised householders on steps they should take to minimise the risk of damage from pipe bursts. 

12/02/10

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Bill for November Floods Estimated at €244 million

The Irish Insurance Federation (IIF) today announced the industry's estimate of claims costs arising from the November 2009 floods. 

01/01/10

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IIF Publish 2009 Factfile

The Irish Insurance Federation (IIF) today published its 17th annual market statistical report, Factfile. Factfile covers the non-life and life/pensions insurance markets’ 2008 results in detail and provides an overview of 5-year trends for 2004-2008. 

12/08/09

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IIF Highlights Impact of Downturn on Insurance Sector

The newly elected President of the Irish Insurance Federation (IIF), Mr Brian Forrester today spoke about how the recession has impacted on the insurance sector and his hopes for strong leadership from Government and the Financial Regulator in reforming the financial services sector. Speaking at the AGM and Annual Lunch of the IIF Mr Forrester also advised that pension reforms should not be delayed, and addressed the issues surrounding rising motor and house insurance premiums.

29/05/09

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Insurers' Advice to Policyholders Affected by Weather Conditions

In light of the current severe weather conditions nationwide, the Irish Insurance Federation (IIF) has advised householders about what steps they should take to deal with the bad weather.

3/02/09

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Insurance Market Conditions Deteriorating; 2007 Results Not an Indication of Current Trends

Irish Insurance Federation (IIF) today published its annual market statistical report Factfile 2008. The Factfile covers the life/pensions and non-life insurance markets' 2007 results in detail and provides and overview of 5-year trends for 2003-2007.

18/11/08

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40% Increase in Fraud Cases in First Week of Anti-Fraud Campaign

Irish Insurance Federation (IIF) recently re-launched their ongoing anti-fraud campaign and have received a surge in calls from the public in the first week of the campaign.

21/10/08

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IIF AGM & Annual Lunch

Speaking at the Annual Lunch of the IIF held after the AGM, Mr. Murphy highlighted the dramatic fall in motor and commercial insurance rates, with motor insurance rates down 50% in 4 years in real terms. The IIF’s Annual Report, published today, points out that car insurance is now effectively cheaper than at any time in the past 25 years. However, margins in the industry have been pared to the bone and claims inflation remains high, with Irish injury damages still among the highest in Europe.

23/5/08