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
Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source
Those figures were given to the committee by the insurance sector, but we do not know whether they were accurate. We are putting on a statutory footing a structure to ensure a full analysis and detailing of the aggregate data. The hope and expectation is that, subsequently, a higher percentage of claims will be entered and concluded within the PIAB process than are settled prior to PIAB. Sometimes, people use the PIAB award as a floor and threaten court action to see if they can get more than that minimum amount.
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