Oireachtas Joint and Select Committees
Wednesday, 19 May 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Developments in the Insurance Industry: Discussion
Mr. Anthony Brennan:
It is, and our best estimates of many factors feed in to that premium over the following 12 months. It is about looking forward to the following 12 months. I accept that we anticipate, hopefully, a reduced cost of claims, which I welcome. It is a big reform and we will not be found wanting. We are going to implement - I have to be careful about what I say - changes to our premiums that reflect these rewards.
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