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

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

The Department has laid out its proposals to deal with the Setanta type issues in the future. Basically, the Motor Insurers Bureau of Ireland, MIBI, will cough up 35% but not necessarily straight away. Does the Central Bank have a view on whether that proposal will remove uncertainty for possible newcomers to the market?

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