Oireachtas Joint and Select Committees
Thursday, 3 October 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Insurance Sector: Discussion (Resumed)
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Let us deal with the following facts. In the four years in question, there was a reduction in the number of claims by 25%. Mr. Farrell stated the cost of claims has risen but it has not. The industry, as a totality in Ireland, saw the amount provided for claims reduce from 2014, from €978 million to €954 million, or a reduction of €24 million. Does Mr. Farrell accept those figures? They are from Insurance Ireland and I can provide the fact file if necessary.
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