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. Michael Horan:
The Central Bank of Ireland requires insurance companies to complete returns, all of which are listed in the annual Central Bank insurance statistics publication. These returns cover revenue accounts for all the different classes of business, including motor. If more information or more granular information is required, insurance companies will provide it to the Central Bank of Ireland. The Central Bank of Ireland is the best repository for this information because it is the organisation that has the supervisory authority over the entire market.
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