May 13, 2024
The Alliance for Insurance Reform welcomes the news today that Outsurance is to invest €160 million in its new Irish operation, creating 230 jobs over the next three years. We also want to positively acknowledge the Government and other’s role in attracting Outsurance to the Irish market.
At a time when motor premiums are increasing month on month, the added competition Outsurance brings to this and the home insurance market is very welcome. The liability sector in urgent need of greater competition as premiums continue to spiral.
Ireland has become a much more attractive destination in which to provide insurance thanks to the range of Governmental reforms that have been introduced. Increasing competition is a key means by which these reforms translate into lower premiums and greater access to cover, particularly in the liability sector, which urgently needs new market entrants.
Despite the significant reduction in the volume of claims and size of awards, liability premiums continue to spiral for businesses, sports, arts, community and voluntary groups. It is impossible to justify these increased costs placed on struggling businesses and other organisations, at a time when a recent Central Bank Report (NCID, 2022) showed that insurer profits increased by 55% in 12 months. New competition in the liability market is urgently needed to help arrest this gross unfairness.
The Alliance for Insurance Reform brings together 46 civic and business organisations from across Ireland, representing over 55,000 members, 700,000 employees, 614,000 volunteers and 374,000 students in highlighting the negative impact of persistently high premiums and calling for real reforms that will quickly reduce liability and motor insurance premiums to affordable levels and keep them that way.
FOR FURTHER INFORMATION CONTACT: contact@insurancereform.ie or Alliance CEO, Brian Hanley at 086 8620 974.
May 9, 2024
Record Funding for Sports Equipment Announced
Ministers Catherine Martin and Thomas Byrne announce over €26m in equipment grants to sporting organisations nationwide
- Total allocation represents largest-ever funding for sports equipment under Sports Capital and Equipment Programme
- Further funding for capital works, including those with an equipment component, to be confirmed later
Catherine Martin T.D., Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media, and Thomas Byrne T.D., Minister of State for Sport, Physical Education and the Gaeltacht, have announced over €26 million in equipment grants under the latest round of the Sports Capital and Equipment Programme (‘SCEP’).
The allocations announced today under the Sports Capital and Equipment Programme are in response to equipment-only applications which sporting organisations submitted. Over 900 sports groups were successful in their applications for various types of equipment which will be of practical benefit to multiple sports organisations, their members and athletes across Ireland.
Further allocations under the Sports Capital and Equipment Programme, including those for capital works, and capital works tied with an equipment component, will be announced later.
Minister Martin said: “Our sporting organisations are at the heart of our communities providing opportunities to people to participate in healthy activities and to enjoy the successes of their local teams and sporting heroes. I am delighted to confirm the largest ever allocation of grants for equipment under the Sports Capital and Equipment Programme. The significant funding announced today will assist a vast range of sporting organisations around the country and be a great source of support to local teams on and off the field of play. Minister Thomas Byrne and I are committed to providing continued supports to sporting organisations to increase participation in sport in communities across Ireland. I am confident that the revised allocations under the National Development Plan will also allow for significant funding to be allocated for capital works when the necessary assessments of applications are completed.”
Minister Thomas Byrne said: “The diversity of organisations which will receive this record level of sports equipment funding illustrates the passion and interest that we have as a nation for sport in all its forms. The work done on a voluntary basis throughout the country in sports organisations is invaluable and it is only right that the Government plays its part in facilitating sporting participation and excellence across the country. In an Olympic year it is appropriate that we illustrate the Government’s commitment to sport and participation through strong investment in the facilities and equipment needed. I look forward to confirming further capital funding for the sport sector under the Sports Capital and Equipment Programme.”
May 3, 2024
The nominations deadline for the 2024 Irish Sport Industry Awards has been extended until 2pm on Wednesday May 8th.
The Irish Sport Industry Awards celebrate and reward excellence in the business of sport, while simultaneously highlighting the contribution of sport to the Irish economy. This will be the seventh staging of the awards which recognise the invaluable relationship between business and sport in Ireland.
The awards will take place on Tuesday May 28th at the College Green Hotel in Dublin’s city center.
Submit a nomination here
May 1, 2024
The Federation of Irish Sport is delighted to announce that Michael McGrath TD, Minister for Finance will deliver the keynote address at the upcoming Irish Sport Industry Awards at the College Green Hotel on Tuesday 28th May. This announcement reaffirms the positive working relationship between the Federation across Government departments.
Federation of Irish Sport CEO Mary O’Connor commented “We are particularly delighted to welcome Minister McGrath to be our keynote speaker at the upcoming awards. The Sport Industry Awards spotlight the people and partners that drive the business of Irish sports forward. The sector makes a significant economic contribution to GDP, so it’s imperative we recognise the growing diversity and innovation of the sector and the contribution it makes to Ireland’s economy. From Best Sports Business of the year and the Best New Sports Business, to celebrating commercial partnerships and use of communications, and recognising our own members successes, the Irish Sport Industry Awards reflect the varied make up of Ireland’s sports industry and the power of sport and business working together”.
The value of sport to the Irish economy is estimated to be around €3.3 billion annually, with the sector supporting over 64,000 jobs. The Federation continues to work closely with the Department of Finance promoting the value of sport to the economy and Ireland inc. and welcomes the Minister’s support of the work the Federation does on behalf of its members.
Entries Closing Friday 3rd May 2024.