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There are 4 key variables leading to the problems with rising Insurance costs in Ireland today: Worrying Claims Culture trend is growing in Ireland # EL claims have increased by
KEY SUMMARY ON INSURANCE ISSUES IN IRISH BUSINESS
Our thinking
The human factor. Thoughts and observations.
The life-blood of any organisation is its people; the success of every system, in every organisation is determined by human factors. We are seeking a deep understanding of these human factors; these are some of our thoughts and observations.
Month: July 2019
KEY SUMMARY ON INSURANCE ISSUES IN IRISH BUSINESS – Controllable Risk
Businesses can manage ‘controllable risk’ much more proactively There has been a 28% increase in reported accidents to the HSA in the last 5 years (things are getting worse)It is
KEY SUMMARY ON INSURANCE ISSUES IN IRISH BUSINESS – Legal System
Serious problems with our legal system and its current structure Ireland is one of the most litigious countries in the EU, with claim frequency + costs rising year-on-yearWe pay 3-4
KEY SUMMARY ON INSURANCE ISSUES IN IRISH BUSINESS – Insurance Stakeholders
Insurance stakeholders can be more transparent and proactive in their client engagement The insurance sector is in a ‘hard-cycle’ (because of claims increases, low competition, increased rates, Brexit)Insurance premium costs
KEY SUMMARY ON INSURANCE ISSUES IN IRISH BUSINESS – Worrying Claims Culture
There are 4 key variables leading to the problems with rising Insurance costs in Ireland today: Worrying Claims Culture trend is growing in Ireland # EL claims have increased by