Oireachtas Joint and Select Committees

Thursday, 16 February 2017

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

Report on Cost of Motor Insurance: Minister of State at the Department of Finance

9:30 am

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

The Deputy will note that 71 actions have been recommended. There is a lot that has to happen. We have prioritised certain actions over others. As I said previously to the Deputy where we can we will, under protocol, put things in place quickly and we will then bring in legislation to ensure there can be no row-back from that position. We have already commenced discussions around what this might mean in terms of providing additional information on premium breakdown to consumers and so on. I do not think it is fair to take from the report that consultations will only commence at the end of this year, just before New Year's eve. I have already had discussions with the Central Bank on this issue. The deadlines are not the start or end point for anything. This is to make sure that we have the work done in an appropriate timeframe.

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