Oireachtas Joint and Select Committees
Wednesday, 15 April 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Flood Risk Insurance Cover: Discussion
12:00 pm
Mr. Kevin Thompson:
As I stated, premiums are determined by numerous factors. The actual claims incurred will be the main driver in respect of the cost of premiums. If one puts this into the context of the losses sustained to date, it will have a significant effect on the cost of insurance premiums and the GDP percentage.