In July 2019, I requested the Competition and Consumer Protection Commission (CCPC) to carry out a study of the public liability insurance market in accordance with section 10 (4) of the Competition and Consumer Protection Act 2014. The study will focus on how the market for public liability insurance is functioning and will make recommendations as to how any identified issues may be addressed.
The CCPC has commenced its study and I understand that a procurement process was launched to seek the services of external economic consultants to expedite the delivery of this study. These consultants will supplement the CCPC’s in-house expertise. The CCPC has advised me that the study is a priority and it will be concluded as soon as practicable.