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:
I do not believe this is a realistic risk. They are very different products. A tracker mortgage is a 20-year commitment while a motor policy can be renewed after 12 months. We have very high levels of switching and 50% of our market involves brokers, whereby people are actively advised on the other options in the market. The market fundamentals are very different.
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