News Summary

• The cost of settling employers’ and public liability claims was €9 million, or 6 per cent, lower than the pre-Covid average in the first six months of last year.
• The average compensation cost was down 17 per cent compared with 2020 for claims under €150,000.
• The failure to pass on savings to customers is “unjust and unacceptable”, the Alliance for Insurance Reform said.
• The body was commenting on the latest figures from the Central Bank’s National Claims Information Database (NCID)