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:
Certainly, last year the margins were better than they had been historically. First, it is important to look over a period of time and not only one year. If we look over five years, then we have not achieved our target margins. Second, from the perspective of AXA, we are primarily a motor insurer. Prices have come down 7%. We see that margin thrown back to customers.
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