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:
Exactly. There are two complications. One is that although risk weight is assigned to each investment class, the overall capital they need to hold is not the sum of it, as it would be calculated in banking. Given that insurers believe they are cleverer, they diversify away their risks. They can hold a diverse bunch of assets-----
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