Dáil Éireann Debate, Thursday - 17 May 2018
67. Deputy Michael McGrath asked the Minister for Finance when the next progress update will be published on the report into the cost of motor insurance; and if he will make a statement on the matter. [21878/18]
Amharc ar fhreagraThe Fifth Progress Update was published on the Department of Finance website on 11 May 2018, together with an accompanying press release. This is the first such quarterly report to provide details on the implementation of the Report on the Cost of Employer and Public Liability Insurance, as well as continuing to outline developments in respect of the Report on the Cost of Motor Insurance recommendations.
In relation to the Liability Insurance Report, all eight actions scheduled for delivery in the first quarter of the year have been fully completed. Of the four actions in the Motor Report with a Q1 2018 deadline, one has been met in full and it is expected that at least two of the other three will be concluded during the second quarter. Further details can be found in the attached link.
www.finance.gov.ie/wp-content/uploads/2018/05/5th-Progress-Update-Q1-2018-Focus.pdf.
The Action Plan Monitoring Dashboard for the Motor Report currently indicates that 40 of the 50 separate deadlines set thus far have been met. Substantial work has also been undertaken in respect of the nine action points categorised as “ongoing”.
The main reason for the delays in the actions not fully completed on time is that most of these actions relate to large and far-reaching projects involving multiple stakeholders, which can lead in many instances to significant legislative implications which need time to be adequately dealt with such as, for instance, the National Claims Information Database.
However, aside from Action Point 2, which I believe has been satisfactorily addressed through a protocol agreed with Insurance Ireland, the rest of the action points continue to be worked upon in order to complete them as soon as possible.
It is planned at this juncture that the next Quarterly Update, which will focus in particular on the 14 actions across the two Reports with Q2 2018 deadlines, will be released before the end of July.
