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
I will finish on this question, but I will come in again. I direct this question to Mr. Quinlan. Regarding price optimisation and dual pricing, he may have read in the media that I have asked the Central Bank and the Competition and Consumer Protection Commission, CCPC, to investigate the issue. I will be providing evidence next week to the CCPC. Dual pricing is controversial. It punishes loyalty and targets vulnerable policyholders. The Financial Conduct Authority, FCA, across the water is investigating this practice and its initial investigations show that not all companies operate price optimisation. Will Mr. Quinlan clarify whether his company, Aviva, operates price optimisation and dual pricing?
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