Insurance Industry
Dail Éireann — 2026-06-25
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Simon Harris (FG), Wicklow

Deputy McCormack is right. We have introduced significant reform in this sector and we now need the industry to ensure the benefit of those reforms are passed onto the customer. We have seen some progress in some areas but, frankly, we have not seen enough. We are very carefully monitoring this in the Cabinet committee. We are often asked for a long list and told if we do A, B, C and D, the premiums will fall. However, as the Deputy rightly suggested, we need to show this is actually happening.
I am also conscious there needs to be greater transparency on this. The big priorities are seeing the motor insurance transparency code; passing the right to be forgotten Bill regarding cancer survivors; looking at the national claims information database regarding the cost of motor insurance and other trends; monitoring those trends in Ireland and internationally; making progress on the flood insurance gap; and, generally, driving delivery of our insurance reform agenda and the action plan for insurance reform out to 2029.
On foot of Deputy McCormack raising this issue, I will ask the Minister of State, Deputy Troy, to write to him with a comprehensive update on the delivery of that action plan. It might be of use to some of those organisations the Deputy mentioned.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-06-25/debate/main
Retrieved: 2026-08-27T06:54:51+00:00
Sitting date: 2026-06-25