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:

In practice, for the majority of our claims, limits apply to business interruption, so we will not deduct any State supports from them. For some larger claims with larger organisations, they may well come in. To date, we have not gone through an individual calculation of any large organisation to determine exactly what will or will not be deducted. As the representatives from FBD noted, a court case that will help to rule on some of those points is due.