Key issues outlined at Wright Insurance Brokers National Transport & Logistics Seminar

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Insurance

Under the themed ‘Breaking the Cycle, Brexit Update & Insurance Reform’, Wexford hosted a delegation of road transport and logistics ? who attended the Wright Insurance Brokers Transport & Logistics Seminar on the 12 September last. The speaker panel included: the British Ambassador, Robin Barnett; Minister of State, Michael D’Arcy; Irish Road Haulage Association President, Verona Murphy; and Economist, Jim Power.

The seminar’s topics focussed on key issues impacting the audience, many of which will be particularly affected by the outcome of the final Brexit negotiations. Insurance Reform is also a key issue for Transport and Logistics operators who have been significantly impacted by rising insurance costs and associated issues including the current claims culture and personal injury judgements.

Minister of State, Michael D’Arcy opened the seminar with a summation of the status of Insurance Reform in Ireland. This was followed by an update from leading Economist, Jim Power, on the Brexit “Deal/No Deal” debate and the likely impending implications for the sector. 

The seminar culminated in a panel discussion in which expert opinions were further expanded upon, with questions posed by Broadcaster Anton Savage who chaired the discussion. The British Ambassador, Robin Barnett, who joined the discussion panel commented: “This was a good opportunity to meet and hear from a key group of people who facilitate European and global trade.  Ensuring there remains frictionless access to the UK market for Irish exporters and vice versa is a key Government objective.  The recent White Paper put forward by the UK Government as the basis for a future EU-UK partnership would see goods and agri-food flowing freely across the Border, with no need for any physical border infrastructure or related checks and controls.  Negotiating this outcome remains a top priority.”   

Tony Wright, CEO, Wright Insurance Brokers added; “While there has been a downward movement on Insurance premiums recently, it is unlikely to continue if fundamental legislative reforms are not implemented.”