Vol. 547 No. 2
68 Cecilia Keaveney asked the Tánaiste and Minister for Enterprise, Trade and Employment the efforts which can be pursued to address the level which motor insurance has reached; and if she will make a statement on the matter. [2947/02]
The Department is pursuing initiatives to address the high cost of insurance, including motor insurance. The Motor Insurance Advisory Board has been charged with advising me on motor insurance costs and in particular, with examining the relationship between the incidence of claims and the premiums charged for various classes of policyholder identified by age and sex. The issue of the high cost of insurance for young drivers is especially being examined by the board. I expect to receive the final report of the board within a matter of weeks. In light of its recommendations, the Government and I will consider what further action is appropriate and necessary.
An interdepartmental implementation group is progressing the establishment of the Personal Injuries Assessment Board. I am confident that the establishment of the PIAB will achieve a reduction in the delivery costs of personal injury compensation, thus permitting a reduction in insurance costs to consumers.
