Insurer profile
123 Money Ltd, trading as 123.ie
123 Money Ltd, trading as 123.ie · Ireland
Overview
123.ie is an Irish online insurance company selling car, home, travel, van, health and life insurance products directly to consumers, and was the first company in Ireland to offer insurance online.
Source8
Products in this market
Company details
- Parent group
- Intact Financial Corporation
- Regulator
- Central Bank of Ireland
- Phone
- +353 1 524 6000
- [email protected]
Products from 123 Money Ltd, trading as 123.ie
Motor
Car Insurance
Fully comprehensive or third-party car insurance cover for private motorists in Ireland.
Young Drivers Car Insurance
Comprehensive or third-party motor insurance designed for young and inexperienced drivers.
Van Insurance
Insurance cover for light commercial vehicles (vans) used for business or trade purposes.
Property
Regulatory updates
123.ie is regulated by the Central Bank of Ireland. The company underwent an ownership transition after RSA Insurance Group (its parent since 2010) was acquired by Canada's Intact Financial Corporation, with 123.ie's home insurance now underwritten by Intact Insurance Ireland DAC. The Central Bank of Ireland has also conducted a market-wide review of Home and Motor Insurance pricing, introducing measures to strengthen the consumer protection framework applicable to insurers including 123.ie.
