Insurance Companies

Ministry of Justice written question – answered on 5th February 2016.

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Photo of Andrew Slaughter Andrew Slaughter Shadow Minister (Justice)

To ask the Secretary of State for Justice, pursuant to the Answer of 19 January 2016 to Question 21806, what commitment he received from insurance industries that savings from government reforms would be passed on to consumers; and what steps he plans to take to ensure that such commitments are monitored and transparent.

Photo of Andrew Slaughter Andrew Slaughter Shadow Minister (Justice)

To ask the Secretary of State for Justice, pursuant to the Answer to the Question 21806 of 19 January 2016, on personal injury: compensation, whether the meeting on 8 December 2015 was the first meeting of Ministers with insurance industry representatives on reform of personal injury claims since May 2015.

Photo of Dominic Raab Dominic Raab The Parliamentary Under-Secretary of State for Justice

On 8 December 2015, at a meeting with Ministers, representatives of leading insurers committed to pass on savings to consumers through lower premiums following the implementation of Government reforms. The Government will be monitoring the industry’s reaction to these reforms closely.

The meeting on 8 December 2015 was the first Ministerial meeting with insurers to discuss the reforms announced in the Autumn Statement on 25 November. Lord Faulks subsequently met representatives from the claimant lawyer sector at the end of January 2016. Officials had previously met with both insurers and claimant lawyer representatives to discuss the reforms.

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