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
Rose Conway Walsh (Sinn Fein) | Oireachtas source
I thank our guests, particularly Ms Murray, for sharing their experiences with us. What has been said brings home to us the fact that we have a complete market failure in insurance. We have had report after report, including substantial reports on which this committee worked, but it has not improved and we do not have the transparency we need. I was looking at the eighth progress update and it gave the impression that we are making progress. I cannot get my head around the CSO figures for motor claims because they do not relate to my what I know, particularly having spoken to many people about their experience in this regard. Contrary to the research I have done, the figures state that motor insurance has gone down by 23%. Do the witnesses have confidence that the information gathered by the CSO reflects what is actually happening?
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