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 D'ArcyMichael D'Arcy (Wexford, Fine Gael) | Oireachtas source

I will be very quick. I would like to ask about the SFCR reporting for 2016 and the Solvency II rules. I presume they must be met in the other jurisdictions where these products are offered.

How can that be offered as a reason for a rise of X percent in premiums? If that were the case, the rise in premiums and profits in other countries and jurisdictions should be similar to here.

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