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

This is the issue. We have listened to discussion on this issue for quite a while. As I said, I know there are issues with fraudulent and exaggerated claims but they are not occurring on the scale the witnesses are suggesting, and the last ten minutes have just proved that. We have heard figures such as 20%, 10% and so on. Ms Muldoon is shaking her head, but either FBD is failing as a company to report fraudulent claims or it is completely overestimating the number of fraudulent claims in statements to the public because it has reported fewer than 19 of them.

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