Oireachtas Joint and Select Committees
Wednesday, 26 May 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Developments in the Insurance Industry: Discussion (Resumed)
Pearse Doherty (Donegal, Sinn Fein)
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I welcome the witnesses to the committee meeting. Deputy Mairéad Farrell touched on some of the points I had intended to raise in regard to the experience and the evidence of what we are seeing happen in this sector. The figures in terms of the increase from €2,500 to over €65,000 in the space of two years are shocking and they point to the need for urgent action. Is that an outlier or are rapid increases of this nature happening across this State?