Dáil Éireann Debate, Wednesday - 21 February 2024
60. Deputy Alan Farrell asked the Minister for Finance the efforts his Department is making to increase the proportion of dog owners who engage with pet insurance providers; and if he will make a statement on the matter. [8209/24]
Amharc ar fhreagra61. Deputy Alan Farrell asked the Minister for Finance the efforts his Department is making to increase competition in the pet insurance sector; and if he will make a statement on the matter. [8210/24]
Amharc ar fhreagraI propose to take Questions Nos. 60 and 61 together.
Insurance reform is a central priority for this Government and it is being addressed directly via the Action Plan for Insurance Reform. This whole-of-Government initiative aims to reduce cost and increase availability of this key financial service. The vast bulk of the actions contained in the Plan have now been delivered and the importance the Government places on its implementation is evidenced by the fact that it is overseen by a Cabinet Committee Sub-Group chaired by the Tánaiste.
In terms of pet insurance, I understand that while there is a relatively low take-up of the product in Ireland, there are several providers and brokers which offer specialised packages. It is important to remember that there are a number of steps consumers can take to help ensure they achieve a competitive quote, such as micro-chipping their pets and giving consideration to lifetime policies. Often the best method is to engage with a range of insurers and brokers, to ensure that the consumer obtains the best possible price, while also bearing in mind that the cheapest may not always be the most appropriate in the specific circumstances.
I would also like to take this opportunity to reassure the Deputy that I am committed to working with my Government colleagues to implement the remaining aspects of the Action Plan, which will bring benefits to individuals, businesses and households across Ireland.
