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

Ms Sylvia Cronin:

As Solvency II applies to all European countries, it applies to each of the countries from which insurance is sold into Ireland. The home regulators in those countries would be undertaking the same review of the solvency positions of the companies that operate in Ireland. The Senator asked me about certainty in relation to premiums as we go forward. I raised with his colleague the number of changes that were made in 2014.

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