Dáil Éireann Debate, Tuesday - 30 November 2021
151. Deputy Paul Kehoe asked the Tánaiste and Minister for Enterprise, Trade and Employment if assistance can be provided to the businesses affected by a company (details supplied) that have been unable to access alternative cover and attractions remain closed; and if he will make a statement on the matter. [59080/21]
View answerOne of the key achievements of the Government’s reform agenda is the new Office to Promote Competition in the Insurance Market within the Department of Finance. This Office, which is chaired by the Minister for State, Seán Fleming has held meetings with a wide range of stakeholders including insurance companies, representative bodies, civil society groups and state regulators on the issues surrounding competition. Its aim is to help expand the risk appetite of existing insurers and explore opportunities for new market entrants in order to increase the availability of insurance.
Minister of State Séan Fleming recently met with CEOs of the major insurance providers in Ireland to discuss a variety of issues with them including expanding their risk appetite. The Office (which can be contacted at insurancecompetition@finance.gov.ie) is also working closely with the IDA to advertise the reform agenda to potential new market entrants.
Government provides an extensive package of supports to business and my Department’s website www.enterprise.gov.ie sets out a range of information, including details of COVID-19 business supports. It is important to note that all businesses supports are being kept under review to ensure that they are timely and target those that need them the most.
Individual businesses are also advised to contact their Local Enterprise Office (contact details are available on their network website www.localenterprise.ie) who act as a signpost to information on business supports.
