Vol. 571 No. 1
245 Mr. Crowe asked the Tánaiste and Minister for Enterprise, Trade and Employment the evidence which exists of a quid pro quo from the motor insurance industry with regard to reductions in prices for young drivers; when she expects this to manifest; and the action she will take if it does not. [19781/03]
The insurance reform programme that I announced on 25 October last comprises a comprehensive set of inter-related measures designed to improve the functioning of the Irish insurance market. Initial indications are that the reform programme is having its desired effect. The Irish Insurance Federation has reported in September 2003 that there has been an average reduction of 11% in motor insurance charges in the year to date. More reductions are expected. Reductions are also expected in the costs of employers' liability and public liability insurance costs, which represent a significant burden for businesses. Reductions in insurance premia cannot be made by ministerial order. EU law prevents Governments or any other body from intervening in the underwriting policy of any insurance undertaking.
