Oireachtas Joint and Select Committees

Tuesday, 19 March 2013

Joint Oireachtas Committee on Environment, Culture and the Gaeltacht

Property Insurance: Discussion (Resumed) with Irish Insurance Federation

2:50 pm

Mr. Kevin Thompson:

That is a fair question. The only figures I have to hand at present relate to 2008, 2009 and 2010, and we are currently finalising the figures for 2011. In 2008, the industry suffered a loss of €161 million, in 2009 it suffered a further loss of €172 million and in 2010 the position marginally improved and it suffered a loss of €63 million. That is the information I have to hand.

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