Brendan Griffin (Kerry, Fine Gael)
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146. To ask the Minister for Finance the position regarding the implementation of the cost of insurance report recommendations; and if he will make a statement on the matter. [21129/17]

Michael Noonan (Limerick City, Fine Gael)
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The Cost of Insurance Working Group, chaired by Minister of State Eoghan Murphy T.D., finalised its Report on the Cost of Motor Insurance in December 2016 and it was published on 10 January 2017. The Report makes 33 recommendations with 71 associated actions to be carried out in agreed timeframes, which are clearly set out in an Action Plan. 45 of these action points are due to be implemented by the end of this year with the remainder scheduled for completion before the conclusion of 2018.

Substantial work has already taken place on the implementation of the recommendations by the relevant Government Departments and Agencies. Examples of completed actions include the establishment of the Personal Injuries Commission in January and the issuing of a key aggregated metrics template to insurance undertakings for completion.

There is a commitment within the Report that the Working Group will prepare quarterly reports on its progress and my Department will publish the first such update on the implementation of the recommendations in the coming days. This update will show the progress to date on the overall implementation of the Report, with a particular focus on action points which were due for completion in the first quarter of 2017.