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:

The primary objective of an insurance company is to have enough money to pay its claims. In 2013 and 2014, there were questions about whether companies would have enough money to pay their claims. From a prudential point of view, if one has those issues, the only outcome is to increase the premium.