Oireachtas Joint and Select Committees
Thursday, 13 June 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Cost of Insurance Working Group: Minister of State at the Department of Finance
Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source
The date we have, and we are putting a warning on this as the feasibility may turn out to be very different when the work starts, is that the Central Bank plans to produce a feasibility report for the cost of insurance working group by the end of this year in respect of EL and PL and data submission requirements. However, we are seeing that this is a far more different and varied sector than the motor sector. We are satisfied we will have a good handle on the NCID data for motor for this year, but we are unsure of the extent to which it will flow into EL and PL. There is a presumption that it will, but we cannot guarantee that.
No comments