Asked by: Danny Beales (Labour - Uxbridge and South Ruislip)
Question to the Department for Transport:
To ask the Secretary of State for Transport, what progress the Motor Insurance Taskforce has made.
Answered by Lilian Greenwood - Parliamentary Under-Secretary (Department for Transport)
The cross-Government Motor Insurance Taskforce met for the first time on 16 October 2024 and the Secretary of State is keen to reconvene again soon.
The Taskforce has a strategic remit to set the direction for UK Government policy, identifying short- and long-term actions for departments that may contribute to stabilising or reducing premiums, while maintaining appropriate levels of cover. It will look at the increased insurance costs on consumers and the insurance industry, including how this impacts different demographics, geographies, and communities.
We will provide updates on the Taskforce in due course.
Asked by: Danny Beales (Labour - Uxbridge and South Ruislip)
Question to the Department for Transport:
To ask the Secretary of State for Transport, if she will hold discussions with the Competition and Markets Authority on trends in the level of car insurance premiums.
Answered by Lilian Greenwood - Parliamentary Under-Secretary (Department for Transport)
The Government is urgently exploring options to crack down on the spiralling cost of motor insurance and continues to engage with representatives of the motor insurance industry to understand the causes of increased premiums and identify potential solutions. We will announce the next steps in due course.
Asked by: Danny Beales (Labour - Uxbridge and South Ruislip)
Question to the Department for Transport:
To ask the Secretary of State for Transport, if she will have discussions with the insurance industry on car insurance premiums.
Answered by Lilian Greenwood - Parliamentary Under-Secretary (Department for Transport)
The Government is urgently exploring options to crack down on the spiralling cost of motor insurance and continues to engage with representatives of the motor insurance industry to understand the causes of increased premiums and identify potential solutions. We will announce the next steps in due course.