Government working on 'myriad of actions' to drive down insurance costs

A Sinn Féin survey found that 58% of respondents who received their renewal since the new personal injuries guidelines came into effect actually saw their premiums increase.

Labour Party finance spokesperson Ged Nash said that in recent weeks he has come across cases of insurance companies refusing to take on customers. Picture: iStock

The Government is working on a "myriad of actions" to tackle the insurance industry and bring down premiums for customers, the Dáil has heard.

Junior finance minister Sean Fleming said the Government is engaging directly with insurers to "hold them to account" and to make sure savings are passed on to consumers, following the introduction of personal injury guidelines.