Dáil debates
Tuesday, 21 May 2024
Ceisteanna Eile - Other Questions
Insurance Industry
10:05 pm
Neale Richmond (Dublin Rathdown, Fine Gael) | Oireachtas source
I thank the three Deputies for their interventions. For general premiums, the most drastic example has been the decrease in motor insurance over the past four years. There has been an average decrease of 24% in the cost of premiums in that sector, which is key progress that is extremely welcome. A lot of that is due to the decline in soft tissue injuries.
I will be quite frank and have no problem saying that I am disappointed in the rate and pace at which premiums are coming down. I expect them to come down a lot further. We made that case clearly when we met the insurers in recent weeks.
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