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

I have a couple of short questions. I welcome the opportunity to have this exchange of views. I used to be my party's spokesman in this area once upon a time a long time ago. I must not have had too much of an effect, because we are still dealing with the same problems. Does Insurance Ireland regulate the level of risk that may be undertaken by the various insurance companies? I refer to the cover given, for instance, for business interruption or whatever it might be. What is the story in that regard? Could someone enlighten me?

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