Cabinet subcommittee on insurance reform dropped at last minute

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Focus is now on broader cabinet committee to deliver reforms

The Alliance for Insurance Reform has reacted with disappointment and frustration to the dropping of the proposed cabinet subcommittee on insurance reform featured in the draft programme for government circulated this morning. In the final Programme for Government document, “Our Shared Future”, responsibility for insurance reform has been subsumed under a Cabinet Committee on Economic Recovery and Investment which according to the final document will “prioritise the issue of insurance reform”.

Peter Boland, Director of the Alliance said “We are deeply disappointed and frustrated with this last-minute decision. While we welcome the priority afforded to insurance reform by the Cabinet Committee on Economic Recovery and Investment, without the focus of a dedicated subcommittee the rest of the insurance reforms in the PFG document are in danger of becoming a series of  vague commitments and considerations. We would ask the parties to reconsider this decision given the centrality of the issue to our economic recovery and the need for focused urgent action if we are to stop insurance getting in the way of our national recovery from Covid19 and halting the damage to Irish charities, community groups, sports organisations, our arts and culture and SMEs caused by unsustainable insurance costs. Further delays to reform are just not an option any more”.

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