Insurance Industry
Dail Éireann — 2023-06-22
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Jennifer Carroll MacNeill (FG), Dún Laoghaire

On the public liability piece, the legislation is a crucial part of that. I do not believe that the insurers will have any conversation about barriers in regard to it after that. We have that conversation with existing providers and with new providers coming in. We have found solutions. It is not all bad. We found solutions by working with groups in various areas, as the Deputy said, such as inflatables hire, equestrian activities, childcare and non-standard buildings. Incumbent providers are expanding their product offerings into areas such as SMEs, agriculture and renewables. That is a sign of confidence. We have to acknowledge that progress is working. The conversation about more providers coming in is very important. We had outsurance come in, such as Coverys and Revolut. We are looking at Generali Group and how that might be.
The legislation that Deputy Doherty introduced last week to interfere in the commercial decision-making of insurers would be a direct barrier to the decision-making to come in. Ireland would no longer be an attractive market if the Government was going to require insurance companies to make commercial decisions in a particular way. We have to have a complete conversation about that.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2023-06-22/debate/main
Retrieved: 2026-08-14T04:52:03+00:00
Sitting date: 2023-06-22