Oireachtas Joint and Select Committees
Wednesday, 25 May 2022
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
General Scheme of the Personal Injuries Resolution Board Bill 2022: Discussion (Resumed)
Ollie Crowe (Fianna Fail)
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I thank Ms Murdock. Mr. Boland referred to the need to ensure that there are more competitors in the market. That is something SMEs across the country have raised with me. Often SMEs can only get one opinion on private liability insurance. Obviously, that is not acceptable and it allows underwriters to adopt a like-it-or-lump-it approach. We all want to see change and Mr. Boland highlighted the need to ensure that the new judicial guidelines are protected and that key reforms, beyond those guidelines, are speeded up. Are there any steps he feels would enhance Ireland's attractiveness as a market for underwriters to enter?