Public liability and employer insurance premiums rose by 8% in 2022, while profit margins for insurance companies increased by over 50%.
A new Central Bank study also found the cost of public and employer liability settlements is down €43 million on 2019 levels.
Businesses in the accommodation and food sector saw the largest premium increases with some reporting rises of 24%.
Brian Hanley from the Alliance for Insurance Reform says recent moves by the Government to tackle the increases have failed:
