Oireachtas Joint and Select Committees

Thursday, 8 March 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Insurance (Amendment) Bill 2017: Discussion (Resumed)

9:30 am

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein)
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It is important that this is done and that Insurance Ireland keeps track of this issue. I am sure actuaries in the insurance industry have worked on a calculation and I would expect Insurance Ireland to have a figure. I also expect the Comptroller and Auditor General to play a key role in this matter. Irrespective of what we in this committee may say or what scrutiny takes place, it will not matter if a damn unless insurance premiums are reduced and insurance companies stop insuring people on the basis that they will never make a claim.