A number of insurers here have agreed to discount premiums or give refunds to motor customers in recognition of an expected reduction in the volume of claims during the Covid-19 emergency.
It follows pressure from the Minister for Finance, the public, businesses and insurance re-sellers for action on the matter.
Insurance Ireland said the insurers recognise that reductions in the amount of road use means the level of claims being submitted will be lower. "We are now six weeks into the Covid-19 restrictions on movement and it is clear that road usage levels have fallen significantly," said Moyagh Murdock, CEO of Insurance Ireland. "While the duration of these restrictions is still uncertain and it is still too early to fully assess the