Insurers make profits on motorists during the lockdown. The average cost of motor insurance claims per policy has decreased by 20% from 2019 to 2020, while average earned premiums have also decreased by 7% from 2019 to 2020. That’s according to the third annual Private Motor Insurance Report of the National Claims Information Database, which is published by the Central bank of Ireland today, and to discuss further we spoke to Mark Cassidy is Director of Economics and Statistics at Central Bank of Ireland.
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