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Government promises to engage with insurance industry over crèche concerns

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The Oireachtas Committee on Children and Youth Affairs has called an emergency meeting to discuss the insurance challenges facing childcare providers

Minister for Finance Paschal Donohoe said that he understands parents' concerns. Image: PA Images Minister for Finance Paschal Donohoe said that he understands parents' concerns. Image: PA Images Updated 20 minutes ago

“I am really aware of how important the crèches are on all over the country for families particularly in the run up to Christmas,” Donohoe said this afternoon. He added: “So people can be given the reassurance that they’re not going to find out when they go back to their creche or childcare provider in the early new year after the holidays that they’re not open, they will be open.“As things stand, only one underwriter is currently providing insurance to child care providers, following the exit of Ironshore from the market.”

The crisis has come after Ironshore Europe, one of the biggest insurers in the childcare sector, withdrew from the Irish market. I mean, I’m looking at my Whatsapp group this morning on the amount of people saying that they may have to close up, mainly it’s really hitting the ECC scheme, which only open in the morning, they may have a class in the morning and a class in the afternoon as well. And it looks like a lot of those little services are going to close down and they are really important services.

 

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