Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

It should be noted that the nature of the EU Single Market is such that insurance undertakings authorised in other member states are allowed conduct business in the Irish market on either a freedom of service basis or a freedom of establishment basis. Consequently, there are no restrictions preventing companies entering the market here if they wish.

I will highlight some facts. Motor insurance is down 24.5% since the peak. Deputy Aylward asked about green cards. I have a concern about green cards. Insurance companies have informed customers who require green cards to enter Northern Ireland that if there is no deal, they should apply in writing and the cards will be sent out. A green card is effectively a certificate. I do not believe that is sufficient. Between now and 31 October, green cards should automatically sent with all policy renewals. I see no reason that cannot happen. For any policy not renewed within that period, the insurance companies should automatically send out green cards. That will deal with the matter once and for all. Subsequently, green cards should be sent with all renewed premiums. That is the way to deal with the matter in order to ensure that people will not end up getting pulled to the side of the road in Northern Ireland and being obliged to admit that they do not have the correct certification.

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