Darragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source

The matter of insurance reform is a really important one for the Government and we have been embarking on that further reform. We want to make sure consumers get proper value for money and that cost reductions are passed on to them. That is why the Minister of State, Deputy Richmond, recently met representatives of the insurance sector again and they are to report back to him within two months, because we want cost reductions to be passed on to consumers through premium reductions as well. We have made significant changes in recent years with regard to ensuring savings on claims that are made are passed on to consumers. The Minister of State is engaged directly with Insurance Ireland and the insurance sector and they have two months to report back to him, and I am certain that will be brought to the House and, indeed, the finance committee.

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