The Alliance for Insurance Reform and Insurance Ireland will be joined by Sean Fleming, minister of state at the Department of Finance, in giving evidence on the general scheme of the Insurance (Miscellaneous Provisions) Bill 2021.

The bill, first announced in October, will also require the Central Bank to report to the finance minister about any steps it takes to address the practice of price walking.

There are also a number of technical amendments in the bill, clarifying issues arising following the enactment of the Consumer Insurance Contracts Act 2019 and rectifying issues with the temporary run-off regime for UK and Gibraltar-based insurers.

The meeting of the joint committee on finance, public expenditure and reform and Taoiseach will meet this afternoon at 1.30pm in committee room 2 of Leinster House.

Committee cathaoirleach John McGuinness TD said: “The committee looks forward to examining the heads of this bill with minister Fleming, the Alliance for Insurance Reform and Insurance Ireland.”