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
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
The fact of the matter is that the data that would inform those who might come into the market is not being made available. It is being withheld. One can only get the data if one pays a particular fee to be an associate member or member of Insurance Ireland. Surely that is the formation of a club, or dare I say it, cartel-like activity which holds the information at the centre and holds the country to ransom because nobody will come in without the data. Everyone here has asked about the data and its release . The commission has been watching the proceedings. The consumer is suffering, the industry is suffering and contracting because there is no competition and they can get away with it.
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