181. Deputy Catherine Ardagh asked the Tánaiste and Minister for Finance if there are plans to introduce transparency codes for other insurance products; and if he will make a statement on the matter. [39601/26]

The Motor Insurance Transparency Code was launched on 2 March of this year as a priority measure under the Government’s Action Plan for Insurance Reform 2025–2029 to enhance transparency, clarity, and consumer understanding in the motor insurance market.

The implementation of the Code will take place on a phased basis, supported by staff training, updated consumer documentation and strengthened governance. It is expected that policyholders will begin to see the benefits of the Code, most notably through the Premium Summary Statement and Annual Market Overview Statement, in quotation and renewal documentation from Q3 2026 onwards.

The first review of the Code will take place within 18 months of implementation, and the Central Bank of Ireland will provide a report to the Minister for Finance in relation to its observations of insurers and intermediaries adherence to the Code and its impact. This Code applies to private motor insurance policies and the benefits of this Code to consumers will need to be considered in the context of private motor insurance in the first instance. Of course, widening its application to other insurance products is something that can be considered at a future point.

By promoting more consistent communication, the Code will support the Government’s broader goal of a transparent, competitive, and consumer-focused insurance sector, which delivers tangible improvements in cost, choice, and access for all consumers.