Oireachtas Joint and Select Committees

Thursday, 4 April 2019

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

Insurance Costs for Small and Medium Businesses: Discussion

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

In the financial report that came out in February, FBD Insurance said that more moderate inflation is evident across the claims environment though the cost of claims remains high. It went on to criticise the lack of urgency in the reforms. Is it the case that there is still inflation in claims but the rate of growth is easing? They are not falling. Can Mr. McMahon elaborate on what more moderate inflation across the claims environment means?

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