PHOTO CREDIT: dak photography

Attracting financial-services jobs, tackling motor-insurance costs

Posted February 17th, 2017

ADDRESSING the European Federation of Insurance Intermediaries (BIPAR) in Dublin this week, I explained how the Government was working to bring more financial-services jobs to Ireland and rein in the spiralling cost of motor insurance. The conference on ‘Regulation and Digital Development’ attracted insurance professionals from across 30 countries and so was a terrific platform to emphasise once again Ireland’s strengths as the location of choice for financial-services firms post-Brexit.

Explaining that our IFS2020 strategy is on course to meet its target of 10,000 new jobs in the five years to the end of 2019, I told the conference of the importance that our 2017 Action Plan places on continually upskilling our workforce to meet the insurance sector’s needs.

I also outlined how the recommendations of the Cost of Insurance Working Group, which I chaired, are aimed at ensuring greater transparency for consumers in their dealings with insurers, as well as tackling premium inflation by addressing issues such as uninsured drivers and fraudulent claims.

Read my speech to the BIPAR conference here.

The report of the Cost of Insurance Working Group can be read here.