Insurance reform
Deputy Matthews seeks progress on insurance reform, citing high costs for a Bray business and local groups. Minister of State Fleming outlines the Government action plan, new personal injury guidelines, and ongoing work on competition and implementation.
The programme for Government commits to a Cabinet committee on economic recovery and investment to prioritise insurance reform. The survival of an outdoor business in Bray is threatened by high insurance costs as are many community groups, sporting groups and businesses. I look forward to meeting the Minister of State, Deputy Fleming, later to discuss what we can do for Squirrel's Scramble in Bray and the others affected. We need to reduce the cost of insurance, the number of cases and the number of awards made. I ask the Taoiseach to give me a progress update on insurance reform.
Comment on this
I thank the Deputy for raising the matter. Tomorrow I am meeting the organisation the Deputy mentioned along with Deputies from the constituency. The Government has issued an action plan for insurance. A key element has been the introduction of the new personal injury guidelines which came into effect before the summer. The Minister for Justice will produce a report on their implementation at the end of this year. I am chairing the office that is promoting competition in the insurance area. I have met IDA Ireland to encourage new businesses to come into Ireland. Most of the actions in the action plan are already in place. On two occasions I have met the chief executives of all the insurance companies to ensure that they pass on these reductions. I will meet representatives of Brokers Ireland immediately after this session.