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
Seán Sherlock (Cork East, Labour) | Oireachtas source
There is an inverse at work here. Mr. Thompson has said that the industry is settling more and tackling fraudulent claims, but it is increasing premiums at the same time. It does not figure.
I wish to go back to the Personal Injuries Assessment Board, PIAB, statement which argues that there is no public information available on the overall number and cost of claims. The PIAB has access to the same report that Insurance Ireland furnished to the Central Bank. One would also assume that because it interfaces with the insurance industry all the time, it has access to InsuranceLink or can get a sense from Insurance Ireland of the integrated information data service, IIDS, for example, yet there is a contradiction between its position and that of Insurance Ireland on the availability of information.
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