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. Gerry Hassett:
May I make one point of clarification that is important if our position is to be understood? The key point for us in terms of reserving and pricing is the cost of incurred claims. Incurred claims are made up of a number of factors, including the claims the companies settle directly, the PIAB awards, the court awards, settlements in court and unsettled claims.
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