The Government believes that it is important that consumers and businesses can obtain insurance cover at a reasonable and fair price.
The cost of insurance is an issue of concern for consumers, businesses and community groups.
The Minister for Finance established the Cost of Insurance Working Group in 2016 to examine the factors contributing to the increasing cost of insurance and identifying what measures can be introduced to help reduce this cost, while maintaining a financially stable insurance sector.
The Personal Injuries Commission was established following a recommendation in the Cost of Insurance Working Group Report on the Cost of Motor Insurance published in January 2017.
I was pleased to submit the Second and Final Report of the Personal Injuries Commission to Government on the 18th September 2018. The publication of this Report now concludes the challenging work programme of the Personal Injuries Commission since its establishment in January 2017.
The Report makes ten recommendations, the implementation of which will be a matter for each of the bodies responsible. While the recommendations are not time-bound due to the nature of them, it is expected that they will be acted upon by the bodies responsible as soon as possible.
In this regard, I have written to relevant Government colleagues, the Minister for Justice and Equality and the Minister for Health, and other organisations including the Garda Commissioner, Insurance Ireland, The Law Society, The Council of the Bar of Ireland and the Law Reform Commission, seeking co-operation in advancing the implementation of the recommendations relevant to them.
As the Personal Injuries Commission was established following a recommendation in the Cost of Insurance Working Group Report on the Cost of Motor Insurance published in January 2017, it is intended that progress on implementation will be monitored and published through the Cost of Insurance Working Group Quarterly Progress Reports published by my colleague Minister of State Michael D’Arcy.