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. Kevin Thompson:
That is why we have a scoping exercise. We have said that we will try to provide more information. That is why we have engaged with the Injuries Board and taken its comments on board. We have also engaged with the Society of Actuaries in Ireland and taken its comments on board. We also send raw data to the Central Bank. We collect data and send them on. I assure Deputy Sherlock that we have been engaging and recognise that there is a deficit, but it takes time. I want to manage expectations here. It is not about us putting it on the long finger; far from it. We want to be transparent, we know that the public demands it and we have no problem with that. We are working to bring this forward.
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