Insurance Costs

Dáil Éireann Debate, Tuesday - 13 November 2018

Tuesday, 13 November 2018

Questions (293)

Billy Kelleher

Question:

293. Deputy Billy Kelleher asked the Minister for Business, Enterprise and Innovation the progress to date for each of the 29 action points made in the cost of insurance working group report on the cost of employer and public liability insurance published in January 2018, in which her Department or the PIAB has lead responsibility for implementation, in tabular form; if each such action point has been completed, not completed or is ongoing; and the revised deadlines for action points not delivered by original timelines committed. [46554/18]

Written answers

Minister for Business, Enterprise and Innovation

The Minister of State for Financial Services and Insurance at the Department of Finance, Mr Michael D’Arcy T.D., published the Cost of Insurance Working Group Report (CIWG) on the Cost of Employer and Public Liability Insurance on the 23rd January 2018 following approval by Government. Minister D’Arcy chairs the Working Group on the Cost of Insurance and officials from my Department along with other Departments and Agencies are members of the Group.

This Report makes 15 recommendations with 29 associated actions to be carried out. The recommendations and actions are detailed in an action plan contained in the Report with agreed timelines for implementation.

My Department in conjunction with the Personal Injuries Assessment Board has lead responsibility for Recommendation 9 in the Report, which relates to a review of the operation of the six-month standstill period provided for under Section 50 of the Personal Injuries Assessment Board Act 2003, with a timeline of completion by Quarter 2 of 2019.

The Table below sets out the progress on the implementation of this recommendation.

Progress on implementation of Recommendation 9 from the CIWG Report on the Cost of Employer and Public Liability Insurance

Recommendation 9: Review of the operation of the six-month standstill period provided for under Section 50 of the PIAB Act 2003	Lead Responsibility	Deadline	Update
Action Points
Action Point 16: PIAB to report to DBEI on its findings on the basis of data received from relevant stakeholders in relation to the time period from the issuing of PIAB authorisations (section 32 rejected cases) to the initiation of proceedings, to the settling of the case.	PIAB	Q4 2018	PIAB wrote to the main insurance companies seeking relevant information in relation to rejected PIAB cases. The data received is currently being analysed by PIAB who will report to the Department once the analysis is complete.
Action Point 17: On receipt of the report from PIAB, DBEI to review the operation of the six-month standstill period under section 50 of the Personal Injuries Assessment Board Act 2003	DBEI	Q2 2019