Oireachtas Joint and Select Committees

Tuesday, 8 May 2018

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Cost of Doing Business in Ireland: Discussion (Resumed)

4:00 pm

Photo of Maurice QuinlivanMaurice Quinlivan (Limerick City, Sinn Fein) | Oireachtas source

Can Insurance Ireland confirm if its members have access to a market insurance portal? Is this known as InsuranceLink? Is it a claims history database? What is it for and how is it used? Do the members have access to other databases known as integrated information data services, IIDS? What is this for and how is it used? Do members have access to another database known as market intelligence portal and what is this one used for? The question following up from that then is how many members do Insurance Ireland have and do all members have access to these? What criteria are set down for the companies access to these databases and do insurance companies have access to pricing information through any of the above databases or through other databases? Insurance Ireland will be aware that their offices were raided by investigators last July, they called that an unannounced inspection. In relation to an ongoing investigation into alleged price fixing of motor insurance premiums, has this been the only times investigators or inspectors have visited their offices? Does Insurance Ireland accept people's frustration with rising insurance costs and the lack of transparency in premium prices? That was an issue raised by a number of groups who have come before the committee. I want to finish by saying that many people get quotes that vary by thousands of euros and because of the lack of transparency and detail as to where the price has come from, people get really annoyed by random prices but they cannot seem to do anything about it. Maybe the witnesses could address that as well.

Comments

No comments

Log in or join to post a public comment.