✉news BusinessBanking first seen 9 h ago, last 6 h ago, peak #19
Ireland Cuts Compensation Charge On Insurers To 0%
Ireland has reduced the levy that insurers pay toward the state's compensation framework to 0%, removing the charge on the industry for now. The decision offers relief to insurers operating in Ireland, who previously passed the cost of the levy on to policyholders through higher premiums.
Why now: Regulators and insurers closely watch changes to industry levies, and the move to zero is a notable shift with cost implications for policyholders.
IrelandIrish insurance industry
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