Oireachtas Joint and Select Committees

Thursday, 15 November 2018

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

Cost of Insurance Working Group Update: Discussion

9:30 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

I suggest that the Minister's officials look again at our report and review their position as of 2016 on each of the recommendations. They might have a different view now of what recommendations might and might not work. At the next meeting of this committee, I will recommend that we write again to all stakeholders who made submissions, such as Age Action, and everybody else affected, just to get their updates on what they now perceive to be the situation out there. We could invite Insurance Ireland back before the committee because nothing much has changed, in spite of the best efforts of the Minister and his officials. We could put further pressure on the industry to focus more intensively on the need to settle the outstanding matters.

We did not do prelegislative scrutiny on the Central Bank (National Claims Information Database) Bill 2018 because we wanted to allow it to progress and 29 November has been set for Committee Stage.

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