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. Ronan Mulligan:
On a per capitabasis we have a very high number of actuaries and they practice in many areas. Sometimes there may be a shortage in a particular area as a result, meaning demand goes up. I am not sure we have a real shortage as such. With the Central Bank there was a period after the financial crisis when there were issues at the bank relating to compensation, pension entitlements etc. The bank lost some actuaries in that period. It has recently staffed up again on the actuarial side and it has quite a healthy complement of actuaries working there now.
However, the Central Bank would be in a better position to state what it needs.
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