Oireachtas Joint and Select Committees

Thursday, 8 March 2018

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

General Scheme of the Insurance (Amendment) Bill 2017: Discussion (Resumed)

9:30 am

Mr. Kevin Thompson:

First, I would concur it has been a difficult time for both policyholders and claimants and we totally sympathise with them in this situation. Our focus is on trying to make sure that legislation is enacted as quickly as possible to allow payments to be received, particularly in regard to the claimants. As an industry body we will engage with the Department of Finance as and when we need to, and as requested by it, to make sure there is refinement of the legislation and that it is passed as quickly as possible. Ultimately, once that legislation is passed, our industry will help in whatever way we can to make sure these claims are processed as quickly as possible. Our focus is on making sure the legislation is enacted as quickly as possible and doing anything we can do to assist that.

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