Oireachtas Joint and Select Committees
Thursday, 4 July 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Insurance Sector: Discussion
Mr. Philip Bradley:
Partly, but partly it is to invest for the future. We are using some of the profit we have made to develop the new sectors of the market, on new systems and on premises and infrastructure. We have to make a profit to support the ongoing success of our business. The market, because it is a small market with many players, is very competitive. If margins were excessive, more companies would come into it.
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