Oireachtas Joint and Select Committees

Thursday, 15 November 2018

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

Cost of Insurance Working Group Update: Discussion

9:30 am

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael) | Oireachtas source

I have to disagree with the Senator. The figure that was used for the increase was the same figure that we are using for the decrease. As people saw their premium increasing, and it was calculated on that basis by the CSO, the same figures were being used for the decrease. Let us not tiptoe around this. We have 62 out of the 78 recommendations concluded. Some of the remainder will not be done because our analysis is showing that potentially it would cost too much. We are down to the big stuff now. The big stuff includes the national claims information database. That has to be passed by the Oireachtas as quickly as possible. We are down to the recommendations from the Personal Injuries Commission, PIC report from Mr. Justice Kearns where the analysis is that the rewards are way out of kilter-----

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