Marie Sherlock (Labour) | Oireachtas source

I thank the Minister of State for his presentation. I am conscious he has been asked a number of questions on competition in the insurance market but that is the issue on which I want to touch. It is welcome that this new office has been established. I am sure the Minister of State has a clear vision for what he wants to come out of the review or the work of that office. Does he accept there is market failure in the insurance industry market here? Does he think it is acceptable that some enterprises, particularly in the leisure sector, cannot source an insurance product within this jurisdiction and have to go abroad to source it?