Oireachtas Joint and Select Committees
Wednesday, 14 September 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Rising Cost of Motor Insurance: Discussion (Resumed)
11:00 am
Mr. Gary Dunne:
Let me chop it up into different periods because different things happened at different times. Between 2003 and 2007, premiums came down because costs came down due to road safety and the Injuries Board among other factors. At that stage insurers thought the market was profitable and that business was good so they decided to reduce their rates.
No comments