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

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

That is why we are increasing transparency with the national claims information database on motor insurance. We will be doing a granular analysis within the sector to see how profitable it is. That is why, towards the end of this year, we want to move it towards a thought process that will take that into employers’ liability, EL, and public liability, PL, analysis. That is a bigger job, which I have highlighted, and a much more varied sector compared with the motor sector. That is why we want to see how profitable they are and the extent to which they are profiteering or not. It may be the case that they are not.

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