Oireachtas Joint and Select Committees
Tuesday, 29 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Update on Insurance Matters and Implementation of the Report on the Cost of Motor Insurance: Discussion
4:00 pm
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Insurance Ireland has particular objections to head 4 of the Bill which was the piece that provided for transparency. It talked about identifying current and emerging trends in the Irish non-life insurance market on an Irish-based risk business. It identified factors that drive movements of price of insurance in the State. All of this will be required to be reported on. There will be a requirement for the granular data to be provided to the NCID for those reports to be furnished. Is that correct or is the Department mindful to accept Insurance Ireland's views that this would deter new entrants into the market?
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