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. Paul Carty:

The underwriters have looked at prior years and some of the underwriters I use lost money in 2013 and saw they were underpriced. They also saw they were underpriced in 2014. They increase the prices for that reason. It is simply because they were losing money.

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