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:

That depends on the model and on the proposal. There are pros and cons to that. If someone steps in to provide a model, capital is needed to support it. We have built our industry around risk assessment and supporting the risk we take on with large amounts of capital. That capital sustainability would be needed to provide such a solution.