Insurance Industry
Dail Éireann — 2026-02-10
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Robert Troy (FF), Longford-Westmeath

I thank Deputy McCarthy for making those very clear and valid points this evening. The Tánaiste has just reminded me that the Cabinet committee on climate is meeting in the morning and one of the items on the agenda is consideration of what interim measures can be introduced in advance of permanent flood defences going in to particular areas. We need to speed up mitigation measures in areas such as those mentioned by the Deputy.
I reiterate in relation to the action plan on insurance reform that there are ten priority actions, one of which is in the area of delivering flood insurance to fill the gap that is there. Taking a long-term, strategic approach to the provision of flood insurance will involve building on the work that has already been undertaken by the Central Bank, as well as working with the insurance industry, the Department of Finance and the OPW to design a scheme that will be fit for purpose for Ireland.
The insurance industry has already established a flooding task force. I met a member of that task force earlier today who informed me that it will have proposals for consideration by Government in the next number of weeks. Work is well under way in terms of addressing the flood insurance gap that currently exists.

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Retrieved: 2026-08-14T04:54:36+00:00
Sitting date: 2026-02-10