The government will present progress on insurance reform later today when it publishes its third report on the implementation of insurance reform.

It indicates that approximately 90% of the actions of its action plan for insurance reform have been completed or are in progress.

Sinn Féin however criticized the plan, saying the premiums for businesses and voluntary organizations remain too high.

The party has called on the government to support the party’s bill, the Judicial Council (Amendment) Bill, which it says would require insurers to pass on to customers the savings made through the reduction in claims.

Coping with high insurance and compensation costs is a stated goal of the program for the government. The insurance reform plan was launched by the coalition nearly two years ago.

Among the 90% of actions completed or in progress are the creation of the Office for the Promotion of Competition in the Insurance Market, the Office of Coordination of Insurance Fraud and new guidelines on personal injury.

Tánaiste and Enterprise Minister Leo Varadkar said the success of the plan will be measured by reduced premiums and improved competition.

“While we have seen evidence of improved availability of insurance, we have only seen premiums decrease for motorists to date. There is also expected to be a lag between implementing the reforms and when people will see the benefits,” he said.

Work to complete the plan will continue, overseen by a sub-group of the Cabinet committee.

Sinn Féin finance spokesman Pearse Doherty said while premiums have fallen somewhat for car insurance, they have not fallen for businesses and voluntary organisations.

“Despite the fact that rewards are now significantly reduced, these savings are pocketed by the insurance industry and not passed on to consumers.

“The Government must end its opposition to the Sinn Féin Bill before the Oireachtas which will pressure insurers to pass on, euro for euro, the savings made through the reduction in premiums to policyholders,” said he declared.

The director of the Alliance for Insurance Reform said that while insurance reforms have an impact on the auto insurance side, they don’t have the same effect on the liability side.

The alliance represents civic and business organizations seeking insurance cost reduction and reform.

Speaking on RTÉ’s Morning Ireland, Peter Boland said they were seeing an increase in premiums.

“Despite all the hard work the government has done, any gains that have been made are being pocketed by insurers and in fact what we are seeing in our members is that premiums are going up.”

Mr Boland said liability insurance was increasing and was “putting small businesses out of business”.

“It’s the type of insurance that is essential to small businesses for community and voluntary groups, sports and cultural organizations and charities. They can’t really operate without it.

“It’s been a major problem for over six years, it’s bankrupting small businesses and preventing charities and voluntary groups from doing what they were created to do,” he said.

Mr Boland said that since the biggest reform to date, which was the implementation of the court directives in April last year, “these types of premiums increase by an average of 16% on renewal”.

He added: “Our view is that insurers are taking the government for a spin on this because they’ve always said it’s the cost of claims that drives the cost of premiums and now that’s resolved and gives material results, they say it’s duty of care, or fraud or PIAB reform.”

Speaking on the same programme, Minister of State Sean Fleming said the cost of insurance was down, with car insurance down 10% “across the board over the last 12 months”.

He said towards the end of last year and early this year there were reductions in home insurance “also helped by the removal of the loyalty penalty where older customers who were with a business for a long period of time were being charged a penalty due to the length of their stay in that particular company”.

Mr Fleming said the government would like more competition in the Irish market in order to reduce premiums.

“The non-availability of insurance was a very big stumbling block when we entered government following Brexit.

“We have most of that, but not absolutely everything, fully addressed at this point,” he said.

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