The Irish Insurance Federation (IIF) has recommended that the proceeds of the Government's 2 per cent levy on motor insurance should be applied to road safety projects within the framework of the National Road Safety Strategy. In its pre-budget submission, the IIF notes that the levy on motor insurance will amount to £20 million (€25.4 million) in 2000.
Proceeds of the non-motor insurance levy, mainly generated by property and liability insurance premiums, will approach £20 million this year, according to the IIF.
The Federation maintains that it would be appropriate to channel this income to providing greater resources to the Health and Safety Authority to help prevent workplace deaths and injuries.