Firstly it is important to note that neither I, nor the Central Bank of Ireland can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive) which expressly prohibits Member States from doing so.
My officials have contacted Brokers Ireland regarding this matter and have been informed that there was a software issue with the email address provided. However, they have been assured that this has now been resolved and that people who are experiencing difficulty in sourcing insurance for their thatched roof properties may contact Brokers Ireland at that address.
Separately, the Deputy may also be aware that the Department of Housing, Local Government and Heritage has indicated that it is currently preparing a study into the question of insurance for thatched roof properties, and that owners of such properties will be invited to contribute to this. All queries regarding this study should be directed to the Department of Housing, Local Government and Heritage.
Finally, I would like to take this opportunity to assure the Deputy that securing a more sustainable and competitive market through deepening and widening the supply of insurance in Ireland remains a key policy priority for this Government, and that it is my intention to continue to work with my colleagues to ensure that implementation of the Action Plan for Insurance Reform can have a positive impact on the affordability and availability of insurance across all sectors in the economy.
