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. Aidan Connaughton:
As the Deputy correctly stated, the CCPC investigation into price signalling in motor insurance is closed. It closed with no evidence of anti-competitive behaviour on the part of AIG. We signed up to undertakings at the request of the CCPC. Similar to Mr. O'Midheach, I do not see a direct line in relation to the competitiveness of premiums as a result of the CCPC investigation. We would always look at premiums based on the trends of frequency and severity. We will continue to do that as we have done before.
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