Oireachtas Joint and Select Committees

Thursday, 4 July 2019

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

Insurance Sector: Discussion

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

How many fraudulent claims has FBD reported to the Garda? It is definitely not 10,000, 15,000 or the 20% figure to which reference was made. I want to get to facts instead of spin from the industry. It does not add up. These questions will be asked of representatives of all insurance companies which are making these accusations. Some 19 cases were reported to the Garda by the industry between October 2018 and March 2019. That does not add up with FBD's claim that between 10,000 and 15,000 cases are fraudulent. Allianz and AXA will give us roughly the same figure of 20% of claims. If their claim is accurate, they do not give a damn about fraud because they are not reporting these cases. How many cases of fraudulent activity has FBD reported to the Garda? Is it less than five?

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