This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our PRIVACY POLICY for more information on the cookies we use and how to delete or block them.
  • The Impact of Insurance on the Tourism Sector
Publication:

The Impact of Insurance on the Tourism Sector

03 January 2020

Tourism is a key component of and major contributor to the Irish economy. According to the Department of Transport, Tourism & Sport, tourism supports an estimated 300,000 jobs in communities throughout Ireland; generating earnings of €6bn.

Notwithstanding this positive performance, the sector continues to face several challenges including Brexit, rising costs and maintaining competitiveness in a global market. The increasing costs of insurance and the factors influencing these increases, are a significant issue for the tourism sector, and are currently very much in the public forum.

In 2019, Fáilte Ireland engaged BDO to conduct a review of the insurance market and Irish tourism, with the objective of providing a greater level of understanding of the difficulties faced by a wide range of tourism providers / operators in obtaining insurance and how the cost of insurance is impacting their businesses. The BDO team conducting the review was led by Austin Hickey, Director and Ciarán Brannigan, BDO Consulting team.

Click DOWNLOAD to access the full report including Conclusions & Recommendations.


Content adapted from www.failteireland.ie