Rising cost(s) of motor insurance
The Joint Committee on Finance, Public Expenditure and Reform and Taoiseach is seeking the views of SFA members on progress made to address the Rising Cost(s) of Motor Insurance since 2016.
In 2016, the Committee published “Report on the Rising Costs of Motor Insurance”. In January 2017, a subsequent report was published by the Government’s Cost of Insurance Working Group (CIWG), under the direction of the Minister of State at the Department of Finance. The Joint Committee monitors Government progress in the implementation of the recommendations contained in the CIWG report and has met with the Minister of State at the Department of Finance, Michael D’Arcy, T.D. on a number of occasions in that regard.
On 15 November, the Joint Committee considered the Seventh Progress Update Report of the Working Group with the assistance of the Minister of State. In evidence presented to the Committee, the Minister stated that, “the most recent CSO figures for October 2018, which indicates that private motor insurance premia have decreased by 22.9% since peaking in July 2016”.
To draft our submission, I would ask that you return your contribution before close of business on Friday, 14 December to firstname.lastname@example.org.