This is a series of infographics summarising key facts about the Irish insurance market.

Key insights from the infographics include:

  • Compensation accounts for 42% of the total cost of insurance premiums – by far the biggest component.
  • Lawyers fees, underwriters profits and brokers’ commissions extract roughly equal amounts from premiums.
  • Lawyers are the massive winners when a case goes to the courts. Policyholders do not gain from threatening to go to court.
  • Insurers have been the big winners from the current crisis, as claims costs held steady but premiums shot up by 42%.