Dáil debates

Thursday, 16 June 2022

Ceisteanna Eile - Other Questions

Insurance Industry

9:50 am

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

We expect the PIAB and duty of care legislation to pass through the Oireachtas this year, although it will be after the summer. With regard to the issue the Deputy is referring to, which is the publication of independent information as to what is actually happening, we can have a very useful discussion next week. Next week, the Central Bank will publish its second ever report on employer and public liability insurance costs, claims and premiums. When we are back here in the middle of the week, we will have a report from the Central Bank, which is in a better position to do this work than the Competition and Consumer Protection Commission because it has access to the microinformation and deals with all of the major insurance companies. I have no idea whether it will be good or bad news but we will have the information next week. That will be very helpful and will provide the objective information the Deputy is looking for.

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