Oireachtas Joint and Select Committees
Thursday, 27 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Insurance Schemes: Discussion
11:20 am
Mr. Michael Bennett:
I would add, as a diversified insurer that writes multiple lines of business, we would seek to deploy capital for risks that we are comfortable with. I suppose mortgage insurance is a mechanism which transmits information back to lenders in terms of the standards and changes in standards.
In that context, I would see that the information flow-back to lenders would help to maintain good underwriting standards.
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