Insurance cost reform
Deputy Moynihan criticised the Government’s lack of progress on reducing insurance costs for businesses. The Minister said the insurance reform programme was advancing and that a further update on actions would be issued soon.
The programme for Government contains many fine things about insurance and insurance costs. A report on the progress being made by the Government to reduce insurance was sneaked out two or three weeks ago, at the height of a political storm, and the Minister is travelling to different parts of the country telling people what steps have been taken to reduce costs. To my mind, nothing at all is happening in relation to the costs of insurance. Businesses are being crucified by the cost of insurance and there have been many debates in the House on the matter. Does the Taoiseach accept that no progress is being made on the costs of insurance for businesses, homeowners or motorists?
What steps is the Government going to take to try to bring meaningful progress on reducing the cost of insurance?
Comment on this
The Minister of State, Deputy Michael D'Arcy, is meeting various stakeholders across the country. He is updating them on progress being made to reform insurance and deal with the cost of insurance. It is not true to say that no progress has been made. It is fair to say that some of the more complex matters that require progress are being dealt with by the Minister of State, Deputy D'Arcy. He is planning to provide an update in the near future on further actions he intends to take.