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

Photo of Gerry HorkanGerry 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?

Comments

No comments

Log in or join to post a public comment.