Dáil debates

Tuesday, 2 November 2021

Ceisteanna Eile - Other Questions

Personal Injuries Assessment Board

9:15 pm

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael) | Oireachtas source

At the most recent Cabinet committee meeting on insurance, we did an assessment of sectors where it is not possible to get insurance. That involved speaking to insurance companies and brokers. There is a small number of sectors where it is not possible to get insurance at the moment. We are following up on that and trying to understand it better to see what we can do to help the situation. I understand it would be possible legally to require insurers to give a quote, but that might not be the solution because the quote given could be cost-prohibitive. That would not provide the solution we need. One thing that can work is an engagement between the industry affected and the insurers. We nearly got into a situation a year or two ago where there was no one willing to quote for childcare providers. The sector got together and, by making some changes, it was possible to get an insurer to cover them. That might be what is required in some of the high-risk sectors to which the Deputy referred. Changes they make can make a difference and make them more insurable.

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