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:

To be frank, we have grown our market share in the past year and a half by approximately 10% but that has not been in areas such as those described by the Senator. We feel that to make a move into those sorts of areas, we need to see more progress on the duty of care. One of the big challenges for both voluntary organisations and the leisure sector is the level of duty of care here in Ireland. As things stand right now, we do not have any immediate plans to expand into those particular areas. As the Senator said, they have been serviced over the years, mainly with more specialised companies from outside Ireland, mainly the UK. I believe that will continue to be the case for the immediate future.