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:

In 2011, the underwriting profit for the business was €68 million. In 2012, the underwriting loss was €34 million. That is a very small loss. It was known about at the back end of 2013. It gets serious in 2013. In 2013, there was a loss of €189 million. That was the first year-----

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