Oireachtas Joint and Select Committees
Wednesday, 18 December 2019
Joint Oireachtas Committee on Justice, Defence and Equality
Access to Justice and Legal Costs: Discussion (Resumed)
Mr. Gerry Hassett:
I would be very surprised if a margin of 9% continued over the period covered by the report. The report is clear that the motor insurance market is cyclical. I think what we see in 2018 is the top of the cycle and I would be surprised if margins continue at that level. The long-term margin the insurance industry aims for is 5%.