Seán Kyne (Galway West, Fine Gael)
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128. To ask the Minister for Jobs, Enterprise and Innovation if he is aware of the rising cost of insurance for nursing home providers, the severely limited number of companies providing such insurance and if this a matter which the Competition and Consumer Protection Agency could examine, given the implications for consumers as well as service providers. [5164/16]

Richard Bruton (Dublin Bay North, Fine Gael)
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Apart from motor insurance which falls under the remit of the Minister for Transport, policy responsibility for insurance is a matter for the Minister for Finance. The Insurance sector is regulated by the Central Bank. Therefore, I as Minister for Jobs, Enterprise and Innovation have no direct responsibility for insurance.

The provision of insurance cover and the price at which it is offered is a commercial matter for the insurance companies and is based on an assessment of the risks they are willing to accept and adequate provisioning to meet those risks.

The Competition and Consumer Protection Commission is the statutory independent body responsible for the enforcement of domestic and EU competition law in the State. Section 9 (5) of the Competition and Consumer Protection Act 2014 provides that the Commission is independent in the performance of its functions.