Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation
Dail Éireann — 2024-05-16
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Micheál Martin (FF), Cork South-Central

I take the Deputy's point and his concerns in regard to the rising cost of house insurance. The Government has implemented a suite of reforms in relation to the insurance industry which is reducing the costs and the scale of awards. It is time the insurance industry responded with keener pricing and reductions in some of the premia. We also need more competition in the market. Even though I am from Cork, I do not know the specifics of the Kerry market which can sometimes be unique in itself. However, I will revert to the Minister for Finance, particularly the Minister who has responsibility for insurance reform. This is an issue for us. Many reforms have happened and the guidelines have issued yet people do not get a sense that we are getting a consequential reduction in prices. They certainly should not be going up anyway.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2024-05-16/debate/main
Retrieved: 2026-08-14T04:52:57+00:00
Sitting date: 2024-05-16