Robert Troy
Question:67. Deputy Robert Troy asked the Minister for Finance the mechanism in place where a person has been refused home insurance by a number of brokers. [47555/14]
View answerThursday, 11 December 2014
Questions (67)
Written answers
In my role as Minister for Finance I have responsibility for the development of the legal framework governing financial regulation. Neither I nor the Central Bank of Ireland, as regulator, interfere in the pricing of insurance products. The provision of insurance cover and the price at which it is offered is a commercial matter for insurance companies and is based on an assessment of the risks they are accepting and adequate provisioning to meet these risks. These are considered on a case by case basis and it is important to be clear that neither the Government nor the Central Bank has any influence over this matter. Consequently I am not in a position to direct insurance companies to provide home insurance cover to specific individuals.
Insurance Ireland operates a free Insurance Information Service for those who have queries, complaints or difficulties in relation to obtaining insurance. Their service can be contacted at (01) 676 1914 or by email at iis@insuranceireland.eu.##