Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

88. To ask the Minister for Finance when the next quarterly update from the cost of insurance working group will be published; and if he will make a statement on the matter. [11505/19]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

As the Deputy is aware, the Cost of Insurance Working Group is chaired by the Minister of State for Financial Services and Insurance, Mr. Michael D’Arcy T.D., and has produced two primary reports, the 2017 Report on the Cost of Motor Insurance (“Motor Report”) and the 2018 Report on the Cost of Employer and Public Liability Insurance (“EL/PL Report”). Work has been ongoing on the implementation of the recommendations from these two Reports by the relevant Government Departments and Agencies and there is a commitment that the Working Group will prepare regular updates on its progress.

The eighth such Progress Update was published on my Department's website on Monday 4 March. The latest Progress Update concentrated in particular on outlining the definitive position in relation to all of the 33 recommendations from the Motor Report, as the last of the deadlines within its Action Plan passed at the end of 2018. 29 of these recommendations have either been completed, are categorised as “ongoing” and in respect of which work is continuing, or have been concluded in so far as the direct involvement of the CIWG is concerned.

In respect of the EL/PL Report, 24 out of the total of 26 action points which were due for completion during 2018 overall have been accomplished.

This Progress Update also included an additional section providing the up-to-date status in respect of relevant recommendations from the two reports issued by the Personal Injuries Commission (PIC).

Finally, the Deputy should be assured that Minister of State D’Arcy and the Working Group will continue to push for the completion of all outstanding recommendations and action points, as well as seeking to put into place the relevant measures proposed by the PIC.