My Department does not keep up to date information on the level of default by insurance companies with particular reference to mortgage protection or life cover. I have made enquiries with the Central Bank about this matter which I understand relates to cases where a person can no longer afford to pay for the protection and/or has claim rejected.
The Central Bank has informed me that it does not collect this information.
It should be noted that if a policyholder has a complaint about an insurance company not honouring a claim on a policy, they can refer the matter to the Financial Services Ombudsman for adjudication http://www.financialombudsman.ie/.