Archive for the 'News' Category
The Future of Insurance in Ireland: From Climate Risks to Digital Claims
The Irish insurance market is entering a new era of change. Climate risks, digital innovation, and evolving consumer expectations are reshaping how insurers, brokers, and policyholders interact. While these changes promise faster service and better protection, they also bring new responsibilities for both companies and consumers. At CompareInsuranceIreland.ie, we have seen firsthand how the industry […]
Ireland’s New Driver Number Rules For 2025
From 31 March 2025, all drivers in Ireland will need to provide their driver number when buying or renewing their motor insurance. This update forms part of a new government initiative designed to make Irish roads safer and to help reduce uninsured driving. What’s Changing? When you buy or renew your car insurance policy, you’ll […]
Central Bank Of Ireland Consumer Protection Code 2025
The Central Bank of Ireland has taken the final step in reviewing the Consumer Protection Code by publishing its official Feedback Statement. This follows last year’s public consultation on proposed changes to the Code, which will come into effect from 24 March 2026. These updates are designed to strengthen consumer rights and promote fair treatment […]
Ireland’s New Speed Limits for 2025 Explained
From 2025, Ireland’s new speed limits will make roads safer for drivers, cyclists, and pedestrians. The government’s aim is to reduce serious accidents and protect all road users, particularly in rural and built-up areas. Here’s a clear summary of what is changing and why it matters for motorists across Ireland. Which speed limits in Ireland […]
Book of Quantum
The Book of Quantum serves as a reference guide in the Irish legal and insurance systems to assess compensation values for personal injury claims. The Personal Injuries Assessment Board in Ireland published it to provide guidelines on appropriate compensation for various injuries, such as broken bones, whiplash, or soft tissue damage. The book categorises injuries […]
Principle of Proximate Cause
The Principle of Proximate Cause is one of the fundamental Principles of Insurance. It determines whether a loss is covered under an insurance policy. According to this principle, when an insured event occurs, the insurance company will assess the cause of the loss and determine whether it falls within the scope of coverage provided by […]
Principle of Subrogation
Subrogation is one of the main principles of insurance. Subrogation refers to the right of an insurance company to pursue a third party that caused a loss to the insured. For example, when an insurer pays a claim to a policyholder if a third party’s negligence caused the loss, the insurer may seek reimbursement from […]
Principle of Contribution
The Contribution Principle in insurance refers to the concept that if a customer has multiple insurance policies covering the same risk, each insurer should contribute proportionally to the claim. The Principle of Contribution ensures that no single insurer bears the entire financial burden of the loss. It promotes a fair distribution of liability among the […]
Perils vs Hazards
A Peril and a Hazard in home insurance are two distinct concepts. A Peril refers to a specific event that can result in a loss, such as theft, fire or flood. On the other hand, a hazard is a condition that increases the likelihood of a Peril occurring, making the loss more probable. Peril example: […]
Physical and Moral Hazards in Insurance
An insurance hazard refers to a condition or situation that increases the likelihood of a loss, which could lead to a potential claim on a car or home insurance policy. Insurance companies assess and manage these hazards to determine the risk associated with providing coverage to an individual, property, or business. There are several types […]