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
No. Insurance Ireland is a lobby interest group for insurance companies. My role as Minister with responsibility for insurance is to highlight areas where there are difficulties and that is what I am doing. The insurance sector used to keep information hidden and information was only obtained by dragging it out of the people who held it but, with the implementation of the national claims information database and the fraud database, this is changing. The sector is changing for the good but the issue which is driving costs is that of the level of award.
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