Oireachtas Joint and Select Committees
Thursday, 6 October 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Rising Costs of Motor Insurance: Discussion (Resumed)
10:00 am
Dr. Cyril Roux:
I understand the point. I would expect there to be a greater margin for uncertainty for young drivers but for me the point is that if the Deputy is right, we would see competitors entering that segment of the market and driving down prices. My colleagues have told me there are fewer insurers offering policies to young drivers. That segment has less competition, and as there is less competition, one would see higher margin.
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