Oireachtas Joint and Select Committees

Thursday, 15 September 2016

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

Rising Cost of Motor Insurance: Discussion (Resumed)

11:00 am

Ms Dorothea Dowling:

The Competition Authority was of the view that it should not be a requirement that companies coming in would join an organisation which basically in this context is dominated by the six existing players. Companies should not have to be brought into that tent. There is no legislative requirement to join the federation. One is required to contribute to the MIB and the Insurance Compensation Fund but the federation is a type of gentleman's club that a company might not want to join and should not be forced to join.

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