Dáil Éireann Debate, Thursday - 26 March 2026
222. Deputy Barry Ward asked the Tánaiste and Minister for Finance the name of the insurers that have now signed up to the voluntary Motor Insurance Transparency Code; and if he will make a statement on the matter. [23411/26]
View answerThe Motor Insurance Transparency Code was developed by a working group comprising insurers and intermediaries, with the support of the Department of Finance and the Central Bank of Ireland. The Code is designed to enhance trust, clarity, transparency, and understanding in how motor insurance premiums are communicated to consumers.
The Motor Insurance Transparency Code is open to adoption by all insurers and intermediaries selling private motor insurance in the State, including cross-border entities.
Aviva and Insurance Ireland were members of the working group that developed the Code and account for approximately 97.5% of the private motor market in gross written premium terms, with the remaining 2.5% comprised of smaller Managing General Agents (MGAs). Both Aviva and members of Insurance Ireland have highlighted their commitment to the Code and its adoption.
