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

Mr. Patrick Kenny:

Let us suppose there was a case where we believed we were looking at abuse of dominance. If a firm was dominant and we believed there was individual pricing abuse, we could do those things, because we might have a reasonable suspicion that a given dominant firm was causing an excessive price. The difficulty we may face in a different situation is where we have a number of players in the market, none of whom are dominant. What we are asking in that scenario is whether their costs stack up. That is a different question.

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