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:

No, I would not say that. Our actions will result in much stronger balance sheets and much more resilient firms. I have before me a list of the various capital injections. It is very broad and sustained. We believe the premiums of today may be break-even by reference to the claims of today. On the basis of the underwriting year, we believe the policies sold today are sold at break-even prices.

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