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:
The reserves are not linked to the assets or the way they invest. What has changed is the link between investment choice and the solvency margin. There is capital they need to hold. Under Solvency I, the capital they had to hold was irrespective of their investments. Under Solvency II, it depends on their investments.
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