South African insurer Outsurance enters Irish market with €160m, 5-year investment to boost competition and lower premiums.

South African insurer Outsurance enters the Irish market with a €160m, 5-year investment, aiming to boost competition and lower premiums in home and motor insurance sectors. The first fully-licensed provider in over a decade, Outsurance plans to employ 300 people and compete on pricing, offering a 10% cash-back discount for claims-free policies. The company already services over 2 million customers in South Africa and Australia.

May 13, 2024
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