Oireachtas Joint and Select Committees

Thursday, 4 April 2019

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

Insurance Costs for Small and Medium Businesses: Discussion

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

That is appalling. The Alliance for Insurance Reform is made up of a wide range of groups, including owners of soft play areas. As Ms Murray and Deputy Michael McGrath stated, this issue goes much wider than one sector. The GAA, other sporting organisations and community groups have spoken to us. We have heard of festivals that cannot go ahead because of insurance issues. St. Patrick's Day parades are being put in jeopardy as a result of insurance. There is a real and sharp impact on businesses and jobs and the resulting issue of employees who have lost their jobs being able to keep a roof over their heads. In a situation where that type of monopoly exists or the State does not provide insurance to a certain sector, has the alliance engaged with Insurance Ireland and has Insurance Ireland given a legitimate reason for not addressing the matter? If somebody does not get motor insurance from a company, Insurance Ireland has a scheme whereby somebody who has been refused a quote for motor insurance will be provided with a quote. That does not mean the quote will be reasonable but at least a quote is offered. In this case, businesses operating in this State cannot get insurance from companies and their representatives, which are now very profitable. Has there been any engagement with Insurance Ireland?

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