A local insurance broker says motor premiums are in line with claims costs.
Benny Sheridan from Sheridan Insurance says that the drive to reform the insurance sector should be geared towards the judiciary and the deficiencies there.
Last week it was revealed by the Central Bank that the claims in the motor insurance sector had fallen by 9%, while premiums had risen by 35%.
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However, Benny says that it is a challenging market and it has been reformed to an extent with rates softened and reduced premiums.
He also says that the value for money needs to be considered when discussing premiums:
