Seán Canney TD, Minister of State for International and Road Transport, Logistics, Rail and Ports and Leader in Cabinet of the Independent Ministers, has welcomed the launch of a new Action Plan for Insurance Reform, aimed at bringing down insurance costs and making it easier for people and businesses to get cover.
The plan includes 26 actions that will be rolled out across Government, focusing on lowering premiums, encouraging more competition, and making the insurance system fairer and more transparent.
Minister Canney said: “Insurance costs remain a challenge for many people. This new plan is about finishing the job we started — removing unnecessary costs, improving access, and making insurance work better for everyone.”
The Minister highlighted that the new plan builds on earlier reforms that are already helping people. One such reform is the strengthening of the Personal Injuries Resolution Board (PIRB), which gives people an alternative to going to court when making a personal injury claim.
“Using the PIRB means people can resolve personal injury claims faster and at a fraction of the cost. According to the latest data from the NCID on settled private motor claims, it is 22 times more expensive for a claimant to take a claim through litigation rather than through the Injuries Resolution Board as well as taking over twice as long. The average figure for the PIRB is €1,000 versus an average of €23,000 through litigation.” Minister Canney said. “It’s a fairer, more affordable option — and the kind of practical change we need to keep promoting.”
The 2025–2029 Plan will focus on six key areas:
- Lower costs and more transparency
- Better access to insurance
- Legal reform
- Tackling fraud
- Supporting climate resilience
- Innovation and skills in the sector
Minister Canney concluded: “Whether you’re a motorist, a small business, or a local community group — this plan is about making insurance more affordable and more fair. We’re making steady progress, and this plan will help keep that momentum going.”
