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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