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:
It is a mixture of things, including the claims development. I point again to the figures I gave earlier with regard to gross underwriting profit or loss. If the Deputy wishes, we can put ourselves back in 2012, for which there was a gross underwriting loss of €34 million. There had been an underwriting profit of €68 million the year before.
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