Oireachtas Joint and Select Committees
Thursday, 8 September 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Rising Cost of Motor Insurance: Discussion
11:00 am
Gerry Horkan (Fianna Fail) | Oireachtas source
Do any of the witnesses have an opinion on the Competition and Consumer Protection Commission looking at the figures? Dr. Gillen's point was on the concept of a black box and all of the players' data becoming available anonymously and not for the benefit of competitors. At a previous session, the point was made that it could be argued the industry is operating as a form of a cartel, and on this basis the Competition and Consumer Protection Commission could be used to get stuck into the figures involved but this is not Dr. Gillen's point. What are his thoughts on such an idea? We have had much talk in the past week about EU Commissioners looking at various competition matters and using them as a way to interrogate issues.
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