Dáil debates
Tuesday, 9 November 2021
Ceisteanna Eile - Other Questions
Insurance Industry
8:50 pm
Cormac Devlin (Dún Laoghaire, Fianna Fail) | Oireachtas source
I thank the Minister of State. It is certainly good information for consumers. The first Central Bank report on the national claims information database was published more than a year ago. It identified that in reality, the award to the individual, whether through PIAB or the courts, was pretty much the same. Coming back to the database, that is why, according to the National Competitiveness and Productivity Council, it is so important to see the information flow so that the industry can be challenged about why prices are not falling. When can we expect to see the changes take effect? What impact does the Minister of State anticipate it will have on the cost of insurance overall?
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