Skip to main content
Normal View

Motor Insurance

Dáil Éireann Debate, Wednesday - 15 February 2017

Wednesday, 15 February 2017

Questions (282)

Richard Boyd Barrett

Question:

282. Deputy Richard Boyd Barrett asked the Minister for Transport, Tourism and Sport the specific proposals he has to deal with the particular and extreme difficulties facing taxi drivers who face rises in their car insurance that threaten their livelihood if they make any claim whatsoever against their motor insurance; and if he will make a statement on the matter. [7691/17]

View answer

Written answers

I am acutely aware that the rising costs of motor insurance for drivers generally are also affecting the taxi industry. The implications of the current insurance difficulties faced by those in the taxi sector are of concern to me and the Government.

The Working Group established last year by the Minister for Finance to review the factors which are influencing the increase in cost of motor insurance considered issues raised by particular sectors including taxi drivers in relation to both the availability and cost of SPSV insurance.

In its Report, published by the Minister for Finance, Michael Noonan TD and Minister of State for Financial Services, Eoghan Murphy TD on 10 January 2017, the Working Group states that the starting point for its consideration of the issues in relation to the overall motor insurance area, including the taxi sector, is that it is not possible for it to make recommendations on pricing as this is primarily a commercial matter for insurers. The Working Group indicated to all stakeholders throughout the process, that there is no immediate solution to the issue. However, the Working Group believes that the implementation of the Report's 33 recommendations and 71 associated actions will lead to greater stability in the pricing of motor insurance and will help prevent the volatility that we have seen in the market in the past (both up and down) and should also better facilitate potential new entrants to the market.

My Department, together with the appropriate bodies, will work towards implementing the recommendations in the Report that are relevant to the taxi industry within the required timelines.

Top
Share