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

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

It is €1.2 billion. This is the kernel of the matter really because, put simply, Insurance Ireland has said that there are more motor insurance claims and those claims are costing more. The data show an increase because the 2014 figure was €1.0145 billion or thereabouts and last year it was €1.2 billion.

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