Oireachtas Joint and Select Committees
Wednesday, 19 May 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Developments in the Insurance Industry: Discussion
Mr. Anthony Brennan:
We are aware of the statements made by the Minister of State. It is welcome. It is a sensible approach that we would record any such State support that we deduct from any claims we have. We will engage with the Minister of State to discuss potentially repaying those.
I do not agree with the principle. The danger is that if someone has an insurance policy, he or she does not, effectively, qualify for State support. I do not agree with that as a principle and we need to engage with the Minister on that. He has made a sensible suggestion, namely, that in all claims we make, we should record any State support we deduct in order that it will be clear what the amounts are. We will engage with him on the issue.