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 Karen O'Leary:

I wanted to respond because there is clear frustration and I appreciate why it exists. However, we must understand the distinction between public market information that is in the public domain and can be accessed by anybody and a proprietary system that industry players pay to access. Mr. Kenny is a bigger expert on competition law than I am and will correct me if I am wrong but my understanding is that where it is a proprietary system and market entry is being unreasonably or too expensively withheld from a competitor or potential competitor, that is a different issue to the need for the market and the stakeholders, including the public and public representatives, to know what is happening in a market we are hearing about from our own public.

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