Oireachtas Joint and Select Committees
Thursday, 1 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Costs of Business Insurance: Discussion
9:30 am
Rose Conway Walsh (Sinn Fein) | Oireachtas source
I thank the delegates for coming. As I used to run a pub in London, I know a little about bars. It is hugely important that the delegates are here and that we hear from them because while we have focused on motor insurance, I have always said there are the same fundamental conditions in other areas of the non-life insurance market. There have been increases in the cost of insurance for business and health cover. It is inevitable that we will consider the pressures business is under and the model being operated. The work we have done on the motor insurance sector should have a positive impact. Claims being settled without reference to the business paying the premium has to stop. Do the delegates think the insurance industry which provides cover for business has the characteristics of a cartel?
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