Billy Kelleher (Cork North Central, Fianna Fail) | Oireachtas source

I thank the Minister. The cost of insurance working group made some recommendations. We must monitor consistently the implementation of all recommendations along with the Personal Injuries Commission. Mr. Justice Nicholas Kearns published a report recently that outlined the great difficulties we have vis-à-viscompetitors within the European Union, including our nearest neighbour, the United Kingdom. I refer to another cost that is borne by policyholders, including motor insurance policyholders, across the broader economy.

We must accept that we need a stable insurance market which is financially viable and robustly competitive. We must consider how to address claims, the book of quantum, cost awards, fraud and other barriers to an effective and efficient insurance market. There has been lethargy in dealing with some of those key areas. I hope there will be more emphasis on ensuring that the recommendations are implemented.

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