Dáil debates

Tuesday, 21 September 2021

Ceisteanna Eile - Other Questions

Insurance Industry

9:55 pm

Photo of Aindrias MoynihanAindrias Moynihan (Cork North West, Fianna Fail) | Oireachtas source

Many businesses will have specialist insurance and will have only a limited number of providers available to them. Again, it is coming back to that limited market, like the man in the van, or businesses such as bouncy castles, or the example we saw on RTÉ in the leisure services. They are dealing with a very limited number of insurance companies and they are seeing increases or are not able to get services. Despite the fact these measures have been taken, insurers are not passing on the benefit, it seems. The leisure business we saw on RTÉ, for example, saw more than a trebling of its insurance policy to more than €80,000. What teeth can be brought to bear on these insurance companies to ensure they pass on the benefits they are now getting from those capped insurance claims?

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