Mairéad Farrell (Galway West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

I will move on to the RSA Group, AIG and FBD’s profits and Covid-19. We saw that during the majority of 2020 the economy and society were under stringent public health measures, there were fewer cars on the roads and businesses were closed. Traffic fell by 37% while the number of claims in motor insurance fell by 26% and the cost of claims per policy fell by 20%. However, the average premium only fell by 7%. The average rebate that the RSA Group, AIG and FBD gave to their customers was €17, only 3% of gross earned premiums before rebates. Will the RSA Group, AIG and FBD disclose their profit margins in motor insurance for the years 2017, 2018, 2019 and 2020?