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Michael Horan, Manager of Regulation and Policy Development, Insurance Ireland discusses the findings of the National Claims Information Database Liability Report.
According to Insurance Ireland, claims for Storm Éowyn could reach €300 million, making it the most expensive extreme weather event of the past 25 years. Michael Horan from the insurance body joins us.
As people start to count the cost of last week's storm, insurance companies are preparing to hear from their customers. Michael Horan of Insurance Ireland is on the line.
100,000 people are to be without power until February, and over 109,000 are still without water after the damage caused by Storm Éowyn.What are the latest updates on when things should return to normal, and what has the Government response been like?Kieran is joined by Head Of Water Operations with Uisce Eirinn, Margaret Arterage, Siobhán Wynne, ESB Networks Regional Manager, Michael Horan from Insurance Ireland and MEP for Midlands North West, Ciaran Mullooly.
Moyagh Murdock, CEO of Insurance Ireland, and Brian Hanley, CEO of the Alliance for Insurance Reform, respond to the new research showing a reduction in public liability compensation claims
Moyagh Murdoch, CEO of Insurance Ireland
Did you know that Ireland at 1500 has the highest number of Actuaries per capita in the world. The vast majority work for insurance companies assessing risk and probabilities. In Fact the insurance sector here is booming helped in no small part by Brexit and a reliable fiscal policy. But many consumers complain that policy premiums have not been falling despite major reforms to cap payouts and keep insurance costs down. So why is that? Joe asked Moyagh Murdock the Chief Executive of Insurance Ireland.
Charlie Weston, Personal Finance Editor Irish Independent and Moyagh Murdock, CEO of Insurance Ireland
If you've recently taken out a mortgage and need to get insurance for your monthly payments, you will have discovered that insurers don't like covering people who may have ever suffered from cancer and now be back to full health.Well, that discrimination is coming to an end this week with Insurers finally acknowledging the right to forget the illness after a few years. Moyagh Murdock the chief executive of Insurance Ireland joined Joe to explain this change.
We talk to Moya Murdoch of Insurance Ireland.
There are 187 insurance and reinsurance companies operating in Ireland at the moment but a new report for the sector has found that our attractiveness as a location may be set to decline. The Milliman report says that the lack of skilled workers and the regulatory regime may deter future entrants into the market here. Moyagh Murdock from Insurance Ireland joined Joe on the show this morning.
The latest episode features Moyagh Murdoch, CEO of Insurance Ireland. Insurance Ireland is the representative organisation for the insurance sector in Ireland with its members representing around 95% of the companies operating in the Irish market. Moyagh and I had a fascinating discussion about the services Insurance Ireland provides and its new 5 year strategy. We also discussed some of the hot topics in the market at the moment including the lack of competition in certain sectors, attracting talent into the industry and much more.
A look at today's business papers and markets with Joe Lynam and Moyagh Murdock is the chief executive of Insurance Ireland.
Earlier this week the President signed the Courts & Civil Law Act which will change the onus of responsibility back towards the individual and away from businesses. This act should drive down premiums and hopefully enable more big events which had been cancelled due to huge insurance costs. But will they? Speaking to this morning was Moyagh Murdock is the chief executive of Insurance Ireland
Home insurance is designed to protect your most important assets; your home and your possessions. However, more and more policyholders are finding themselves underinsured or with the incorrect type of cover. In episode 31, Caoimhe and Daragh speak to the CEO of Insurance Ireland, Moyagh Murdock about the dangers of underinsurance and how to avoid it. Our hosts also discuss the difference between building, contents and specified items cover as well as how you can cut the cost of your premium by making your home safer.
A new controversial measure has been proposed by the EU as part of a major revision of EU rules on driving licences in order to “address mobility issues in remote areas.” It would see 16 year old's drive vehicles limited to a maximum speed of 45km/h. Is this what is needed for rural dwellers? And what about the practicalities of insurance? Kieran was joined by Seamus Boland, CEO of Irish Rural Link and Moyagh Murdock, CEO of Insurance Ireland
Moyagh Murdock, CEO of Insurance Ireland, discusses the latest Private Motor Insurance Report published by the Central Bank.
Rachel Morrogh, Director of Advocacy with the Irish Cancer Society & clip of Ciaran, a cancer survivor reacting to today's news
Moyagh Murdock, CEO of Insurance Ireland says they expect the code to be in place within the next six months
A few weeks ago, this programme highlighted the fact that some insurance companies in Ireland were refusing to provide life cover to some cancer survivors but also to those dealing with mental health and weight problems. The issue has prompted a rethink by the insurance industry at least towards cancer victims, and I'm glad to say that I'm joined by Moyagh Murdock who is the chief executive of Insurance Ireland.
We speak to Peter Boland of the Alliance for Insurance Reform.
David Harney was appointed Chief Operating Officer, Europe for Great-West Lifeco in February 2020, overseeing the Irish Life and Canada Life organisations in the UK, Ireland and Germany serving over 5m customers and employing 5,000 people. Prior to that, David spent 4 years as Chief Executive Officer of Irish Life Group, in which he led the Group's Financial Services, Financial Advisory, Health Insurance and Investment businesses in Ireland. Before that he worked in Irish Life for over 30 years and has held a number of senior roles over that time including Director of Finance, Director of Marketing, Director of Sales and Managing Director of Irish Life Corporate Business. David's is energised and inspired by the opportunities that new technology and the digital agenda offer businesses to function more effectively and connect more meaningfully with their customers. He is a keen advocate and early adopter of DEI practices, and is currently championing the development of strong CSR and Sustainability credentials across the organisations that he manages. David holds an MSc. in Financial Mathematics from Dublin City University and is a Fellow of the Society of Actuaries in Ireland. He is currently serving as President of Insurance Ireland. David is married to Brid, has three sons and enjoys playing golf in his spare time. His leadership tip would be ‘Stay Curious'. Being open to new ideas and having the bravery to explore them means your business and your offering to customers remains relevant, responsive and successful. See acast.com/privacy for privacy and opt-out information.
Moya Murdoch CEO of Insurance Ireland
The latest annual report by the Personal Injuries Assessment Board shows that insurance claims have dropped by 40% but what kind of an impact will that have on your purse strings. Stuart Gilhooley, Solicitor and Former President of the Law Society of Ireland and Moyagh Murdock, CEO of Insurance Ireland joined Kieran to discuss... The Hard Shoulder Listen and subscribe to The Hard Shoulder on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
European regulators have found Insurance Ireland breached EU antitrust rules by restricting competition in the motoring market. To discuss Ireland's insurance market we're joined by Peter Boland of Alliance for Insurance Reform and Arianna Podesta, spokesperson for competition for the European Commission.
An investigation by the European Commission has found that competition in the motor insurance market here was restricted by limiting access to a key data sharing platform. Our business editor Will Goodbody has more.
Moyagh Murdock, Chief Executive, Insurance Ireland
Brian O'Connell report + Moyagh Murdock, CEO of Insurance Ireland
Moyagh Murdock, Chief Executive of Insurance Ireland, and Pearse Doherty, Sinn Féin Finance Spokesperson, discuss insurance companies and dual pricing.
The European Commission has opened a formal investigation into whether Insurance Ireland is operating a cartel by restricting access to a claims database, almost two years after it raided the body as part of an inquiry into a number of issues in the sector. Conor Faughnan of AA Ireland and Irish Times markets correspondent Joe Brennan join Ciarán to discuss how the investigation could play out.Later: Chief economist at Manulife Investment Management, Megan Greene, and Cliff Taylor of the Irish Times on the latest developments in the US-China trade war and how markets have responded to its ratcheting up in the past week.Plus: Rising rents, hacks at Intel and WhatsApp, and more. Hosted on Acast. See acast.com/privacy for more information.
The European Commission has opened a formal investigation into whether Insurance Ireland is operating a cartel by restricting access to a claims database, almost two years after it raided the body as part of an inquiry into a number of issues in the sector. Conor Faughnan of AA Ireland and Irish Times markets correspondent Joe Brennan join Ciarán to discuss how the investigation could play out. Later: Chief economist at Manulife Investment Management, Megan Greene, and Cliff Taylor of the Irish Times on the latest developments in the US-China trade war and how markets have responded to its ratcheting up in the past week. Plus: Rising rents, hacks at Intel and WhatsApp, and more.
On Cork Today with Patricia Messinger - Nuns ordered to leave an unauthorised compound in Leap Following the Vintners Association of Ireland holding its AGM in Rochestown, there is a lot of contention around the new drink driving laws and the future of rural bars – Tomorrow Patricia discusses with the Vintners and hears from bar owners in Rural Cork How the state is reneging on payment to abuse victims We continue our Preview in the Local Elections and tomorrow preview the Mallow area and Kanturk areaWe discuss the Mortgage to Rent Scheme with MABSHow the European Commission has opened an investigation into Insurance Ireland to determine if its in breach of competition law See acast.com/privacy for privacy and opt-out information.
Last week it was announced that Kiddies Kingdom, a childrens' soft play area in Carlow, is to close its doors due to rising insurance costs. The owner has blamed 'exaggerated and fraudulent claims' as the reason behind her rising premiums. So is so called 'compo culture' leading to the closure of many small businesses in Ireland? Andrea Gilligan was joined by a panel of experts to discuss. On the panel: Stuart Gilhooly, solicitor and former President of the Law Society Peter Boland, Director of the Alliance for Insurance Reform Declan Jackson, Director of Government Affairs at Insurance Ireland
Dermot Jewell from the Consumers Association talks about Gift Vouchers.The County Mayor Patrick Gerard Murphy tells us why we should be using smokeless fuels. John Byrne from Insurance Ireland discusses how they are trying to tackle fraudulent insurance claims. We hear from Tom Cavanagh in Fermoy about a new trust he is helping to set up to revitalize rural Ireland. We finish with our weekly movie review with Mark Malone See acast.com/privacy for privacy and opt-out information.