Friday, 6 September 2019

Ceisteanna (762)

Robert Troy

Ceist:

762. Deputy Robert Troy asked the Minister for Business, Enterprise and Innovation the status of her request to the Competition and Consumer Protection Commission to undertake a study of the public liability insurance market; and the reason this decision was taken now. [36858/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Business)

In August I requested that the Competition and Consumer Protection Commission (CCPC) undertake a study into how the public liability insurance market operates, and, in particular how competition works in the market and whether any practice or method of competition affects the pricing levels within that market. This request was made under with Section 10 of the Competition and Consumer Protection Act 2014.

I requested the CCPC to undertake this study as I have concerns about the increased cost of public liability insurance on business, which has the potential to pose a systemic threat to the very existence of many businesses.

Should the Deputy have any information on anti-competitive practices occurring in the sector, I would suggest that he contact the CCPC directly – publicliability@ccpc.ie.