Oireachtas Joint and Select Committees

Wednesday, 8 May 2019

Committee on Budgetary Oversight

Cost of Doing Business in Ireland: National Competitiveness Council

Photo of Barry CowenBarry Cowen (Offaly, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

It could be compared with the situation internationally. We are hearing anecdotal evidence that one cannot get insurance in this country but that it can be got in the UK. There is also anecdotal evidence to suggest that soft tissue injuries led to compensation awards five times more regularly here than in the UK. However, we need more and more of that in order to put the insurance industry in the spotlight and leave it with no option but to play a fair game. As things stand, it is a widely held opinion that the premiums requested are far from fair.