Tony McCormack

Overall sentiment: 0.07
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11. Deputy Tony McCormack asked the Tánaiste and Minister for Finance when the Cabinet subgroup on insurance reform will next meet; and if he will make a statement on the matter. [48365/26]

Sentiment score: 0.01

The Tánaiste and I will know that the cost of insurance for families and businesses is probably one the biggest costs every year, be it car insurance, home insurance or general business insurance. Can the Tánaiste indicate when the Cabinet subgroup on insurance reform will next meet and will he make a statement on the matter?

Sentiment score: 0.01

I welcome the Tánaiste's response and the work that has been undertaken on insurance reform in recent years. However, many businesses, sporting organisations, community groups and voluntary bodies continue to raise concerns with me and other TDs about the cost and availability of insurance. Will the Tánaiste specifically outline the key priorities the Cabinet subgroup will consider in its next meeting? Will it examine whether the savings arising from the reforms already introduced are being passed on through lower premiums? What further measures are under consideration to improve affordability?

Sentiment score: 0.12

Small businesses are particularly vulnerable to increases in insurance costs. Unlike larger firms, they often have limited purchasing power and little capacity to absorb significant increases in premiums. For many, insurance is now one of their largest operating costs. Will the Tánaiste outline whether the Cabinet subcommittee is considering any targeted measures to improve competition and affordability in the insurance market for small businesses, in particular the scope for additional reforms to ensure smaller enterprises benefit fully from the Government's insurance reform programme?

Sentiment score: 0.12