OUTsurance Ireland

OUTsurance Makes Grand Entrance into Irish Insurance Market

Exciting news as OUTsurance from South Africa lands in Ireland, shaking up the insurance scene with new offerings and competition!

Consumers in Ireland are in for a treat as OUTsurance, a South African insurance giant, makes its debut in the Irish insurance market. With a whopping investment of €160 million in its Irish operations, OUTsurance is set to disrupt the industry by providing both car and home insurance options. This move marks a significant milestone, as OUTsurance becomes the first new locally authorized personal insurance underwriter in Ireland in over a decade.

OUTsurance isn't holding back in its mission to challenge the status quo of the insurance market. By offering discounts for loyalty rather than traditional no-claims bonuses, the company aims to revolutionize how insurance is perceived and purchased in Ireland. The competitive pressure introduced by OUTsurance is a welcome change in a market where premiums have been steadily rising.

The introduction of OUTsurance has intensified the competition in the insurance sector, prompting positive feedback from the Alliance for Insurance Reform. Government reforms have made Ireland an attractive destination for insurance firms, and OUTsurance's entry adds to the diversification and competitiveness of the market.

Looking ahead, OUTsurance plans not only to offer innovative home and car insurance products in Ireland but also to expand its workforce, signaling a commitment to long-term growth and presence in the market.