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)

Photo of Paul MurphyPaul Murphy (Dublin South West, Solidarity) | Oireachtas source

I will cut to the chase in terms of the insurance industry. I think the narrative being spun by the insurance industry about how the primary issue is an increase in claims is falling apart. It is not working well for the industry. The facts do not illustrate it. The dual pricing issue is part of that. Perhaps we can start there before going back to the figures. I am not asking Mr. Hassett to comment on concrete cases or on Insurance Ireland members doing this or that but if it is the case that dual pricing is happening, is the fact that non-actuarial factors are being taken into account when setting the price for customers a problem?

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