Oireachtas Joint and Select Committees

Thursday, 29 November 2018

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Central Bank (National Claims Information Database) Bill 2018: Committee Stage

10:00 am

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

To date, the focus of our work and that of the Central Bank has been on motor insurance claims, which represent the majority of claims. I hope it can be expanded sooner rather than later. I do not want to put on the record a date if I am unsure it can happen. The Central Bank is carrying out a feasibility study incorporating a ten-year look-back at settlement channels and different categories of motor insurance claims. This would include windscreen damage, theft, fire, accidents and personal liability. There is a large body of work to get through in the context of that exercise. When it is completed, the database will be updated annually. I cannot say for certain when it will be possible to expand beyond motor insurance into the next section.

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