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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In advance of the insurance companies coming before the committee, we wanted to get a sense of what is happening in the sector and we asked people to give us unvarnished information. Some of them sent in their policy documents and we really appreciate it. So far, we have had 1,361 responses. Mr. Bradley will be glad to know we got the most responses from people with policies with his company. As of this morning, there are 225 respondents with AXA and 132 of them had seen their premium increase in the past four weeks. These are individuals who have not upgraded or changed their cars, they have had no claims in the past 12 months, and they have not changed the level of cover they have. If I am right, one in four customers saw a reduction, with the other 15% to 16% saying there was no change. What does Mr. Bradley say to these statistics?