Dáil debates
Tuesday, 4 April 2017
Priority Questions
Insurance Costs
4:45 pm
Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source
Quality of cover is key. Certain insurance providers are leaving parts of the market, which is leading to the problem of businesses having to self-insure against particular risks. It is dangerous for businesses and, potentially, the market. We will approach this issue as urgently as we approached motor insurance. The actions under the motor insurance plan are already under way and I look forward to continuing to engage constructively with the Oireachtas committee.
The Deputy will be aware that I already gave a preliminary report on our action plan, which referred to the actions that have begun and the current level of progress. I will continue to appear before the Oireachtas committee as we publish our quarterly reports so that the Deputy can hold me to account and we can get something done. As I said in my initial response, in regard to EL and BL, we will introduce a series of actions with a timeline and work with lead owners so that the Government side can be held to account. We will need to work with the Oireachtas when we need to fast-track particular legislation.
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