Oireachtas Joint and Select Committees

Wednesday, 7 September 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Rising Cost of Motor Insurance: Minister of State

11:00 am

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

The Chairman is right when he says we have to look at the levers that we can pull as legislators. I agree that we should not follow fanciful things around technology and telematics in the car industry, although I would be very interested in looking at such matters at a later stage in the work of the working group. We have to look at what we can do immediately. We are looking at the Injuries Board legislation at the moment. That is being done in the Minister's Department. We probably need to do a bit more. My understanding is that we need to toughen our approach to that legislation and some of the potential changes we could make in it to ensure people cannot fall out of the process as easily as they seem to now. Consensus will be required from this committee when the legislation comes before it so that it can be supported and enacted.

I believe the committee will be impressed when representatives of the Injuries Board appear before it. I was very impressed when I met them. It would be good if we could all listen to them. If this committee wants to structure its priorities in that way - by saying this will take some time, so we should do it first and nothing else - I will be open to that approach. As I have said, we can do this in tandem with other things that are under way without distracting from the focus of getting something done immediately. I emphasise that we can act immediately. The sooner we act, the sooner we will see some sort of sense coming back to market pricing.

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