Oireachtas Joint and Select Committees

Wednesday, 8 December 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Insurance Issues: Central Bank

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)
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Is the supervisory regime in this jurisdiction as alert and incisive as those that are applicable in other EU states or in the general EU policy?

People have had difficulties in obtaining public liability insurance. Have those issues been resolved to the extent desired or is there still an overhang that might come back into focus?

Finally, is there a precise definition of "business interruption", such as one relating to force majeureor something entirely outside the control of the insured or the business person? Is there an area that both the insured and the insurer can agree on as what might be likely to be considered business interruption?