Oireachtas Joint and Select Committees

Thursday, 24 November 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Rising Costs of Motor Insurance: Discussion (Resumed)

9:30 am

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

The Senator is right. The idea that we would blame people who have made a legitimate claim is unfair. The purpose of an insurance company is to pay out on claims when an accident happens. That is insurance. We must maintain that at the core of a properly functioning insurance market, but we must also recognise in the information that we have seen that fraudulent or exaggerated claims are being made. We have recommendations that speak to this matter.

We are examining the recommendations of the committee's report and determining what further research might be necessary in order to incorporate them. I want us to work together on this.

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