Dáil debates

Tuesday, 24 January 2023

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions

Insurance Industry

10:40 pm

Photo of Jennifer Carroll MacNeillJennifer Carroll MacNeill (Dún Laoghaire, Fine Gael) | Oireachtas source

My attitude to all matters in this House is to sit down and discuss them constructively and I am always available to do that. As Minister of State with responsibility for insurance, I am not here to support or provide excess or extra profits to the industry but to make sure a reform programme is delivered across Government that will increase competitiveness, draw new entrants into the market, where possible, and increase the risk appetite of existing market participants in order to create a more competitive insurance environment for the people of Ireland in motor and home insurance, as well as for business, which the Deputy rightly highlighted and regarding which there is much to do. That is the focus of the reform agenda in the Departments of finance, enterprise and justice with outstanding work to do. The focus is firmly on delivering for the people of Ireland to make sure insurance is available, competitive and reliable at every turn.

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