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

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The company has already applied it. I will give another example from the survey of an FBD customer, again comparing like with like. The same car has not had a previous claim and last year's premium was €550 and this year's premium is €635. In another case, last year's premium was €1,300 and this year's renewal quote is €1,450. How are premiums increasing if the savings have been passed on?

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