Analysis > August 2016

Broken-down: Ireland’s motor insurance

There have now been two recent cases of motor insurance companies, both regulated abroad, going bust, writes RTÉ’s Business Editor David Murphy. It means potential customers can no longer rely on regulators to protect them. In that vacuum it is becoming clear that the onus is on consumers to find out more before buying the cheapest policy. In 2014 Setanta, which was regulated in Malta, collapsed leaving unpaid claims of €90m. Last month, Gibraltar-regulated Enterprise Insurance went bust. Setanta is currently …