Oireachtas Joint and Select Committees

Tuesday, 12 November 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Dual Pricing for Insurance: Discussion

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Many people watching these proceedings may think the data companies use and manipulate to try to determine one's behaviour and see whether one is susceptible to an increased premium are data which people give them. We give insurance companies a significant amount of data, including our Eircode postcode, as well as our job title, which influences one's price bracket. We tell home insurance providers the value of our house contents. Other data may be revealed by those seeking holiday insurance and so on. However, the companies are also able to access our publicly accessible data through social media. The Central Bank indicated it is not aware of any company in Ireland carrying out such practices but I presume it has not asked them. Has it asked?

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