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:
An arbitration clause is a standard clause in what are predominantly commercial contracts between the insurer and businesses. When we enter into arbitration, we enter into it in co-operation with the potential claimant. Before going into arbitration, we seek to negotiate the fee structure around that with the claimant. At all times, we seek to act in fair manner around arbitration.
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