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

Mr. Brennan says that is not worked out in Britain but it is. It is part of the 2018 legislation, which has taken effect. Let me make it clear. Does that include that the companies would provide the expected cost of claims prior to the reduction in awards, the cost of claims now, subsequent to the awards being reduced, the premiums if the awards were not reduced and the premiums now, as a result of the awards being reduced? Is Mr. Brennan saying his company would be open to the national claims database having that information and reporting on it?

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