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

I am not suggesting that there is no issue with fraudulent claims. However, I am suggesting that the industry is completely exaggerating the issue of fraudulent claims in order to justify the level of premiums being charged and the increases in premiums in certain sectors. If there is such an issue with fraudulent claims, why has FBD only reported a maximum of 19 suspected fraudulent claims when it gets 65,000 claims per annum?

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