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Insurance Costs

Dáil Éireann Debate, Tuesday - 17 January 2017

Tuesday, 17 January 2017

Ceisteanna (1673)

Jan O'Sullivan

Ceist:

1673. Deputy Jan O'Sullivan asked the Minister for Children and Youth Affairs if she will intervene with insurance companies that are raising premiums for providers of child care services (details supplied); and if she will make a statement on the matter. [41076/16]

Amharc ar fhreagra

Freagraí scríofa

I can confirm to the Deputy that officials from my Department have made enquiries with the Department of Finance on this matter, who have advised the following: The Cost of Insurance Working Group, which to date has looked at the increasing cost of motor insurance, will be broadening the review to specifically consider other lines of non-life insurance.  The Report relating to motor insurance was approved by Government on 10 January.  As some of the factors are common to all insurance lines, many of the recommendations in that report will also address the difficulties being experienced in the cost and availability of insurance in other sectors, including the small business sector.  The Department of Finance has already received submissions from some relevant representative bodies and SMEs which outline their concerns.  The Department of Finance also welcomes any submissions from childcare provider organisations on this as part of the review.

Submissions can be sent to insurance@finance.gov.ie.

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