On 25 October 2002 I announced my programme for fundamental insurance reform. The programme reflects the commitments given in the Agreed Programme for Government and comprises a comprehensive set of interrelated measures designed to improve the functioning of the Irish insurance market. The key measures include: establishment of a ministerial committee, chaired by me, to oversee implementation of the reform programme, including the 67 recommendations in the Motor Insurance Advisory Board, MIAB, report; publication of the action plan to give effect to the MIAB recommendations within a target time frame; establishment of the personal injuries assessment board, PIAB, on an interim basis, pending preparation of the necessary legislation to put the PIAB on a statutory footing; and publication of the report of the implementation group on the PIAB. While EU law precludes the imposition of price controls on insurance, I have made it clear that I expect a quid pro quo from the industry in response to my reform programme.
Question No. 180 answered with Question No. 110.