Oireachtas Joint and Select Committees

Thursday, 24 May 2018

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

Insurance Costs for Community Groups: Discussion

10:00 am

Mr. John Cahalan:

We support that. We are open to transparency. My point was that we publish the figures and we are open to sharing that information. As I said, we are a very efficient company. Our expense ratio is one of the lowest in the market. Our margin is low, yet premiums are high. The premiums are high because the compensation payments and the cost of getting to a settlement are very high.

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