Insurance Industry
Dail Éireann — 2022-04-28
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Cormac Devlin (FF), Dún Laoghaire

Given the very significant reduction in the cost of awards, as I outlined, and the introduction of other measures, consumers and businesses will expect proportionate reductions in premiums to bring them into line with EU averages. I think we are seeing that. Consumers are certainly feeling that when they renew or examine other policies. If that trend continues, we will be in a very good position and more aligned with our EU counterparts than before. The work being undertaken is being felt by consumers at a critical time given the rise in costs in other areas.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2022-04-28/debate/main
Retrieved: 2026-08-14T04:50:23+00:00
Sitting date: 2022-04-28