Dáil debates

Thursday, 23 June 2016

Other Questions

Insurance Costs

6:35 pm

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

The Minister is aware that the amended motion called for the report to be published straight away, and I welcome the fact that the Minister has committed to do that because in previous replies on the matter he was ambiguous on that issue. We also called for the establishment of a task force to review the Central Bank's role on the regulation of the insurance industry and a number of other issues. Could the Minister outline progress in that regard and his intention to fulfil the will of this House, expressed by means of the acceptance of the amendment? Could he also inform us of the timeframe of the review group? It will begin to look at motor insurance issues in a couple of weeks. When does he expect that aspect of the review will be concluded? That is the really burning question. We are all aware that Setanta Insurance is a factor, but the bigger issue is when steps will be taken by the Government to help people, including returning emigrants, with regard to the significant increase in premiums. The work is due to begin only in two weeks' time. When, in the Minister's view, will it conclude and when will we see the recommendations?

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