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:

We do. We forecast what we believe the cost of claims will be. The challenge we have as an industry is that we charge a premium today and will not really know how profitable this year has been for three or four years. We make assumptions based on what we believe the cost of claims will change and factor these into our premiums.

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