Oireachtas Joint and Select Committees

Wednesday, 16 December 2020

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

Insurance Issues: Minister of State at the Department of Finance

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

I will pick up on the delay in respect of key sections of my legislation later.

I welcome the Minister of State to the committee and wish him well. I intend to work with him in trying to tackle some of these issues. I am concerned about the speed at which the Government moves and, indeed, the fact it is frustrating my legislation at the request of the industry but I will discuss that later.

The Minister of State mentioned the action plan in his opening statement. He said that policy developments in the insurance sector in recent years have undoubtedly been a factor in helping to reduce motor premiums since the peak in 2016. He said also that they had fallen by nearly one third since 2016. Can he outline the reforms he believes have reduced the insurance premiums?

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