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)

Mr. Aidan Connaughton:

We take a view at the beginning when we are doing our reviews. We do a rate-level indication on a regular basis and the pricing takes into account what we call future trends, the prospective trends and historic trends so we make assumptions about the trends going forward in order to be able to price the premiums today.