Dáil Éireann - Volume 595 - 16 December, 2004

Written Answers. - Insurance Industry.

  20. Ms McManus asked the Minister for Enterprise, Trade and Employment if he intends to implement the recommendations contained in the final report of the Motor Insurance Advisory Board; and if he will make a statement on the matter. [33752/04]

  Mr. Martin: Following the establishment of the Irish Financial Services Regulatory Authority, IFSRA, which now regulates and supervises insurance undertakings and the completion by my Department of all tasks relevant to it in the insurance reform programme, the Minister for Transport has taken over the lead role in relation to policy and legislation on the availability and cost of motor insurance and any related inter-departmental co-ordination. Posts have recently transferred from my Department to give effect to this change.

It will, therefore, be a matter for my colleague the Minister for Transport to take forward the co-ordination of the Government’s response to the issues raised in the Motor Insurance Advisory Board report 2004 and previous MIAB reports and to consider what further action may now be necessary on foot of this report.

The primary ongoing insurance focus of my Department will be from the horizontal competitiveness perspective and competition in conjunction with the Competition Authority.

Questions Nos. 21 and 22 answered with Question No. 6.