According to the latest data from insurers, a total of 33,768 claims have been recorded, with 67% relating to household damage. While business claims represented just 29% of the total volume, they accounted for a significant 55% of the overall cost. The average business claim stood at €17,000, compared to €5,745 for household claims.

During and in the immediate aftermath of the storm, insurance companies took a number of actions to assist business and homeowners that had been impacted to get them back on their feet, including extensive policyholder communication both direct and public communication channels, as well as significant claims handling overtime to ensure tailored support was offered to minimise disruption. The insurance sector has continued to work diligently to support policyholders affected by this unprecedented weather event since. Eight months on, substantial progress has been made in settling claims and assisting those impacted.

While the insurance industry is not without its critics, Storm Éowyn has highlighted the indispensable role it plays in safeguarding society. Without the financial protection provided by insurance, the burden of recovery would likely fall on the Government—and ultimately, the taxpayer. Insurance ensures that individuals and businesses can get back on their feet quickly, without relying on emergency public funding or State intervention.

Storm Éowyn’s widespread disruption underscores the critical importance of having appropriate insurance cover in place. Insurance plays a vital role in helping individuals and businesses manage risk, recover from loss, and maintain financial security. It protects what matters most your home, your livelihood, and your peace of mind.