The insurance industry's poor public image and the resulting lack of skilled staff are two of the biggest problems facing the Irish industry, Insurance Institute of Dublin president Padraig Croke has warned.

Croke was addressing more than 800 guests from Ireland and the UK at the institute's annual dinner on 1 December.

Croke said the public's perception of the insurance industry was poor, which meant the industry did not attract enough skilled staff.

He said this must be remedied in preparation for the stricter regulation the industry was about to face.

"For the future, our industry will undoubtedly be subject to greater government intervention by way of
regulation," Croke said.

"It doesn't need rocket science to recognise there's a serious need for enhancing the education and training of staff within our industry."

Insurance Institute of London president Tim Carroll and General Insurance Standards Council's (GISC) enforcement head Tony Tudor attended the dinner.