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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.
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La aseguradora sudafricana Outsurance entra en el mercado irlandés con una inversión de 160 millones de euros a cinco años para impulsar la competencia y reducir las primas.