Oireachtas Joint and Select Committees

Thursday, 8 March 2018

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

General Scheme of the Insurance (Amendment) Bill 2017: Discussion (Resumed)

9:30 am

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

If I understand Mr. Cross correctly, he is saying that there is a real possibility that insurance premiums may increase rather decrease? We have been told for so long by the insurance industry that the uncertainty in terms of Setanta and so on is one of the substantial drivers of the cost of motor insurance premiums. Is Mr. Cross now telling us that following on from what is provided for in this legislation, that uncertainty has been removed but there is a possibility that people's insurance will increase?

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