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
Gerry Horkan (Fianna Fail) | Oireachtas source
We had discussions last week with Mr. Conor Faughnan where he said that there were rules precluding insurance companies from investing in the stock market or equities generally and that it was Government bonds. Does historical data exist? We are obviously not asking for it in the case of a particular company but is there any historical data saying that the percentage of investment income in the motor insurance business was 20% or 5% of the total? Do we have any figures?
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