Oireachtas Joint and Select Committees

Wednesday, 16 December 2020

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

Insurance Issues: Minister of State at the Department of Finance

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael) | Oireachtas source

I thank the Minister of State. Another issue arises from those points. It was suggested to us that, during the financial crash, some insurers had made what would be regarded as unsafe investments which had the potential for dramatic short-term gains for the companies investing but which eventually had disastrous consequences for the insurance industry and consumers. Will the Minister of State comment on that?

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