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
Pearse Doherty (Donegal, Sinn Fein)
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It was not 50% but 60%, and the guidelines have been in place for the past month. I have carried out a survey in which I asked people to tell me whether their premiums had decreased, increased or stayed the same. We received more than 1,000 responses from people who have had renewals in the past three weeks since the guidelines came into effect. Is Mr. Brennan surprised that 61% of them have had an increase in their renewal quotation for motor insurance? Only 20% of them have seen a reduction, while a further 20% report that their premiums are broadly the same as in the previous year.