Oireachtas Joint and Select Committees

Thursday, 1 June 2017

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

Motor Insurance Costs: Minister of State at the Department of Finance

10:00 am

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

The Setanta implosion arose in Ireland because, effectively, the company was being regulated in Malta but operating in Ireland. If a company operates in Ireland now but a different company is regulated in Malta or elsewhere, is there a potential change in the regulation process, either from an Irish or European perspective, that could give more comfort to the person holding a policy with a company similar to Setanta and who wants to make a claim? How do we ensure we will not have a Setanta mark 2 on the Irish landscape?

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