Thursday, 11 July 2019

Questions (221)

Michael McGrath

Question:

221. Deputy Michael McGrath asked the Minister for Finance when the national claims information database will incorporate public liability and employer liability data; and if he will make a statement on the matter. [31437/19]

View answer

Written answers (Question to Finance)

As the Deputy is aware, the scope of the National Claims Information Database (NCID) was designed in such a way as to enable it be expanded to include other classes of insurance, e.g. liability, property, etc. in the future.  However the Cost of Insurance Working Group (CIWG) considered it important that the first focus of the database should be on the collection of private motor data.  It should be noted that this motor exercise is well advanced and the Central Bank is expected to publish its first report later this year. 

In parallel with its work on the private motor data exercise, I have been informed that the Central Bank has been considering the merits and feasibility of collecting data related to general liability insurance (or public and employer liability insurance) from all relevant insurance undertakings operating in the State.  This is in line with the Report on the Cost of Employer and Public Liability Insurance recommendation on this matter.

I understand that the Central Bank is currently engaging with external stakeholders, including industry and consumer representative groups, to confirm the key data requirements, and will also research the employer and public liability insurance environment in other jurisdictions, focussing on data availability.  The Central Bank intends to produce its feasibility report by the end of 2019, and I understand that this will include recommended data submission requirements.

In conclusion, I am satisfied that progress is being made with regard to this recommendation.