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. Declan O'Rourke:

Whenever there is a big change like this, all companies will look at opportunities and see what kinds of areas may be more attractive than they might have been last year or whatever. We have done that. We have underwritten quite a number of voluntary organisations in the past number of months and we have also added some leisure business. It is a small amount; we are just being careful. It is an area in which pretty much all the insurers in Ireland have been badly burned in the past. We need to gradually look at that, therefore, but we are certainly doing more than we would have done a year ago in a number of those areas.