Results 1,661-1,680 of 34,833 for speaker:Seán Fleming
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: I will give the Deputy a straight answer. He has asked me a question about the previous four years, which is before I came into office. I will get a detailed response for the Deputy. I am more concerned about where we are now with the action plan we have developed since the election that is based on the programme for Government rather than a look-back. The figures I have quoted came from...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: I will give the Deputy some but it is not a comprehensive list. We have established the Personal Injuries Commission and it published two reports that have fed into increasing knowledge in the area. The Central Bank has published the national claims information database, which did not exist prior to this. The cost of insurance working group in existence for a number asked for this...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: Correct.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: I have quoted figures from the data released by the Central Statistics Office. Two groups produce information. One is the Central Bank that has detailed information on the insurance industry and the other is the CSO that collects statistics on behalf of the State. They use different methodologies. The CSO tends to collect data by a sample basis whereas the Central Bank uses specific...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: I quoted figures from the report produced by the CSO.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: Correct.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: Most people accept that the data produced by the CSO as being reasonably valid. That is a long-established method for collecting statistics across every sector in Irish society and I do not believe for one minute that it does not do its job properly. However, in my role in respect of insurance, and this is a personal view, I will rely more on the information from the Central Bank than the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: It was in October.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: There are ten previous reports from the group over the past four years. Some of those matters were concluded over that period. When I came into office, there was a small handful of ones that had not been concluded yet. I took the view that I would close off the cost of insurance working group and integrate it into the group reporting directly to the Cabinet to elevate all its recommendations.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: It had been done before my time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: I have no idea.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: That is why the Central Bank is doing the report on dual pricing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: I am happy to take up this issue in my role as Minister of State. The Deputy will appreciate I was not at this committee when he was making those points over the previous years. There is legislation due which will allow the Competition and Consumer Protection Commission to implement administrative fines without having to go to court. That legislation is referred to in our action plan....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)
Seán Fleming: On requiring insurance companies to treat their customers fairly and honestly, since I have come into the Department of Finance, the Minister for Finance has made public statements on several occasions to the insurance companies on this matter. In my meetings with them, I made it clear that they are required to treat their customers fairly and honestly. The Central Bank is the regulator....