Oireachtas Joint and Select Committees
Thursday, 3 October 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Insurance Sector: Discussion (Resumed)
Mr. John Quinlan:
One will see more competition come into the market, which is really important. A 5% margin, for any provider of capital in a risk-based industry, is a minimum acceptable return. The percentage will stay at that level but one will see substantial premium reductions. I cannot give figures under competition law, as the Senator will appreciate.
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