The total cost of insurance claims resulting from Storm Éowyn could reach up to an estimated €200 million, Insurance Ireland has revealed.

Insurance Ireland is the representative body for the Irish insurance industry. In January, the body requested a snapshot view from its members of the claim volumes and the claim costs from the time of the storm, until January 31, 2025. 

It found, that the total number of claims as of January 31, 2025, was 14,099. The total preliminary cost of claims was €116 million.

The organisation has outlined that the situation is ongoing. It said that the total volume and cost of claims is not representative of the final number of claims, since some policyholders remain without power or internet services, and have not been able to contact their provider.

It is expected these numbers will increase over the coming weeks and that "the total cost of the storm could be in the magnitude of €150-200 million".

Minister of State for Financial Services, Credit Unions and Insurance, Robert Troy, has met with Insurance Ireland CEO, Mary Murdock, to discuss the sector's response to claims arising as a result of Storm Éowyn.

Minister Troy has said that supporting individuals and businesses impacted by Storm Éowyn is his "top priority".

"I have reaffirmed government’s expectation that insurers must act with urgency, efficiency and fairness in supporting policyholders impacted by Storm Éowyn," he said.

"I will continue to engage with insurers to impress upon them that it is imperative that they meet their obligations and provide a responsive and fair claims resolution that offers clarity and certainty to those impacted,” Minister Troy added.

Both Insurance Ireland and Minister Troy said they have agreed to monitor progress and ensure that policyholders who were impacted by the storm receive the necessary support without undue delays.

Last month's storm caused widespread destruction, with 768,000 people originally left without power, and 84,000 people left without water.