Oireachtas Joint and Select Committees

Thursday, 21 November 2019

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

Dual Pricing for Insurance: Discussion (Resumed)

Mr. Fergal O'Leary:

Once we have the research done, which I expect will be in three months, we will release that. We release all of our market research given that we are a State-funded body. We also get a levy from the financial industry. We publish the research that we do. I expect that the initial piece of research will be done in the next three months, and then quickly thereafter we will engage with sectoral regulators to figure out the appropriate response.

The one difficulty that I might mention is that there are some unregulated sectors, such as waste, on our list, and it is going to be harder there because, as shown in a report that we published last year, the State at present does not really have the levers to influence behaviour. The waste sector is composed of unregulated entities from a consumer protection point of view. We will have to work with the Department of Communications, Climate Action and Environment. It will be easier to come up with solutions in regulated markets.

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