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

Mr. Peter Boland:

When we drafted the presentation, we asked for a list of nine different actions and we put in an appendix with quite a few more. It is a complex industry and we know the Oireachtas is very busy at the moment with a lot of major priorities. Accordingly, we whittled it down to the three that are absolutely essential and the book of quantum is top of that list. It drives many other aspects of the issue, most of which have been outlined. It also tends to muddy the water in an area for which very little data are available and it precludes proper analysis. There is a sense of injustice when a fraudulent or exaggerated claim is made against someone and the book of quantum is the driver of this, so it needs to be resolved.

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