Irish insurance market 1999

Motor losses remain the preoccupation of Irish insurers. Figures just released by the Irish Insurance Federation (IIF) show motor accounted for more than two-thirds of the I£211mn total non-life underwriting loss in 1999. IIF president John O’Hanlon, also chief executive of Allianz Church & General, warned that motor results would get worse because the massive increase in the number of vehicles on Irish roads had not been met by improvements in infrastructure.