The cost of insurance continues to have a negative input on our sector. It is possible to make an argument that it continues to act as a significant barrier to recovery post Covid and will hamper us until materially resolved. This needs to be done as a matter of urgency.
-We Need-
- Changes to the Duty of Care in the Occupier Liability Act
- Enactment and commencement of the Personal Injuries Resolution Board Bill 2022
- Rapid consolidation of the Judicial Guidelines in the courts and transparency as to awards in cases where the guidelines apply.
- An acceleration of the work of the Insurance Competition Office at the Department of Finance to ensure the urgent entry of more underwriters into the Irish Liability Insurance market.