Seanad debates
Wednesday, 5 November 2003
Insurance Industry Reform: Motion.
The implementation process is not a numbers game. While all but a handful of the recommendations are being actively progressed, the focus is clearly on the earliest possible implementation of those measures which will have a significant impact on costs and, therefore, on premiums. One of the major recommendations which refers to my Department is the setting up of the Personal Injuries Assessment Board on a statutory basis. In connection with the cost of delivering compensation, I refer to the figures contained in the report of the Motor Insurance Advisory Board.
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