Oireachtas Joint and Select Committees

Tuesday, 13 September 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Rising Cost of Motor Insurance: Discussion (Resumed)

11:00 am

Mr. Paul Redmond:

On the benchmarking issue, it cannot be beyond us to benchmark properly. I can understand there is difficulty because in places like Finland, some of the costs may be socialised and therefore there may not be a direct comparison. It cannot be beyond us to do benchmarking. All we are asking is for somebody to do a proper benchmarking exercise so we can consider if we are considering the £5,000 in the UK and €15,000 here as like for like. If the exercise is done and it comes out we are no different from anybody else, so be it. At least, let it be done so we can all understand the data behind some of these awards.

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