Oireachtas Joint and Select Committees
Wednesday, 15 December 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Insurance Issues: Engagement with Insurance Companies
Mr. Kevin Thompson:
Similarly to FBD, we provide discounts for new business. Ultimately when it comes to renewal we bring the price of that policy to what we would expect to cover the risk premium. We fully support what the Central Bank of Ireland is doing in respect of differential pricing. We have engaged with it regularly on this and we look forward to implementation.