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Insurance Industry

Dáil Éireann Debate, Tuesday - 22 February 2022

Tuesday, 22 February 2022

Questions (78)

Cathal Crowe

Question:

78. Deputy Cathal Crowe asked the Minister for Finance the number of meetings, discussions and telephone calls that he, the Minister of State, special advisers and officials in his Department have had with a company (details supplied) since June 2021; and if he will make a statement on the matter. [9480/22]

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Written answers

As part of his role as Chair of the Office to Promote Competition in the Insurance Market, Minister of State Fleming has had a wide-ranging series of engagements with stakeholders across the insurance industry, including providers, state bodies and representative groups. The Office has had more than 60 meetings since its establishment.

As part of this work, in late 2021 Minister Fleming met with the CEOs of the major insurance companies in Ireland, including the one identified by the Deputy. A number of issues were discussed with the firm, including the implementation of the new Personal Injury Guidelines; business interruption insurance developments; and an expansion of its risk appetite to other areas. In addition, officials and Minister Fleming’s advisor directly contacted the company in question in relation to the logistics involved in setting up this meeting.

Questions Nos. 79 and 80 answered with Question No. 14.
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