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Central Bank reports 5% reduction in Motor Insurance premiums

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The Central Bank of Ireland has published a mid-year report (to end June 2022) providing key statistics on the private motor insurance industry in Ireland.

This is the first such report undertaken and captures data using the National Claims Information Database (NCID).

The key findings are:

The average premium per policy was €578 during this period. This represented a 5% reduction from the average premium in 2021. The average cost is €135 less than in 2017.
Claims settlements – there was in increase in the number and cost of damage to vehicles claims and a decrease in the number and cost of injury claims. However the data is being compared to the first half of 2021 when restrictions were in place.

48% of personal injury claimants settled directly with insurers representing 15% of total costs.

13% of claimants settled through the Personal Injuries Assessment Board (PIAB) making up 6% of total costs.

39% of claimants settled through litigation making up 79% of total costs.

The Central Bank of Ireland noted that there have not been enough litigated claims settled under the new guidelines to assess the impact on the average cost of a claim in the litigation channel.
The Personal Injuries Guidelines were adopted by the Judicial Council on 6th March 2021. However some claimants received compensation awards calculated with reference to the previous structure known as the Book of Quantum. It will take a few years of data to get accurate trends of the new Guidelines.

The average Irish car insurance premium of €578 is almost half the UK average. The average premium in the UK is £929 (€1062.14) having increased by 21.1% in the year up to February 2022.

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Soroptimists to host annual Pancake and Coffee Morning

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Killarney Soroptimist Club has announced the return of its annual Pancake and Coffee Morning, which will take place on Shrove Tuesday, February 17.

The event will be held at the Killarney Avenue Hotel starting from 10.30am.

Attendees can look forward to a morning of music and entertainment featuring Tim Gleeson and friends.

Along with pancakes and coffee, the event will feature various raffles and a door prize on the day.

This year’s door prize is a two-night bed and breakfast stay at the Hayfield Manor Hotel.

The event is a significant fundraiser for the club, with all proceeds being donated to Rockmount Care Centre in Kilgarvan and St Mary of the Angels in Beaufort.

Tickets for the morning are priced at €20 and are available for purchase from, Soroptimist Members, the chosen beneficiary charities or Sheila Casey at 086 814 9677.

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Julie Deady wins first Camera Club competition of year

The first competition of the new year proved a strong start for Killarney Camera Club, with January’s theme of “Sunset” attracting a wide range of high-quality entries. Top honours went […]

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The first competition of the new year proved a strong start for Killarney Camera Club, with January’s theme of “Sunset” attracting a wide range of high-quality entries.

Top honours went to Julie Deady, a former Photographer of the Year winner with the club, for her image titled Church of St Primoz and Felicijan. The photograph was taken in Slovenia and captured a striking sunset, with deep reds and strong orange tones stretching across the sky. The setting sun silhouetted a bank of clouds, while warm evening light spilled across the surrounding landscape.
The nearby church, trees and open fields were softly lit, adding depth and balance to the scene. The image impressed judge John Hootan, a distinguished photographer, who praised its exposure, composition and timing. He awarded the photograph full marks, describing it as a benchmark for the competitions ahead.
Members said the standard of entries made the judging particularly competitive and set a positive tone for the year. With such a strong opening round, anticipation is already building for the next monthly themes as members continue to develop their skills and creativity.
The club thanked all members who took part, noting that the growing level of participation and friendly rivalry continues to raise standards across the competitions.

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