Micheál Martin (Cork South Central, Fianna Fail) | Oireachtas source

I take the Deputy's point and his concerns in regard to the rising cost of house insurance. The Government has implemented a whole suite of reforms in relation to the insurance industry which is reducing the costs and the scale of rewards. It is time the insurance industry responded with keener pricing and reductions in some of the premia. We also need more competition in the market. Even though I am from Cork, I do not know the specifics of the Kerry market which can sometimes be unique in itself. However, I will revert to the Minister for Finance, particularly the Minister who has responsibility for insurance reform. This is an issue for us. Many reforms have happened and the guidelines have issued yet people do not get a sense that we are getting a consequential reduction in prices. They certainly should not be going up anyway.

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