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
Ms Sylvia Cronin:
On the supervision side, we have engagements with the companies. We do on-site inspections and conduct thematic reviews. We look across sectors and assess how reserving is effective. The important point for us is to ensure the financial resilience of insurers and that there are enough funds to pay claims.
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