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:
I will answer in respect of AIG. I thank the Deputy for the question. The CCPC investigation into AIG is ongoing and we have engaged fully as part of its investigation into price signalling in the Irish market. We have engaged throughout the entire investigation, which commenced in 2016, and we will continue to co-operate fully with the CCPC. We have not seen any evidence of co-ordination or collusion between AIG and other insurers in the private motor insurance sector. Over the course of 2016 and 2017, AIG provided the CCPC with a significant amount of documentation in the context of that investigation. A number of relevant staff were interviewed. It is an ongoing investigation and I cannot comment further.