Oireachtas Joint and Select Committees

Wednesday, 19 May 2021

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

Developments in the Insurance Industry: Discussion

Photo of Mairead FarrellMairead Farrell (Galway West, Sinn Fein) | Oireachtas source

That would be great. If Mr. McMahon does not get a chance to get those figures before the end of the meeting, he could furnish them to the committee afterwards. It will be important for the committee to see them. Turning to the Consumer Insurance Contracts Act 2019, how is the insurance industry preparing to implement that legislation in full? What impact is it anticipated that will have for those affected? It is a pity in many ways that the Government dragged its heels in this regard. I refer in particular to the ambiguity in respect of the potential for this initiative to have been of benefit to those impacted by the pandemic.

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