Oireachtas Joint and Select Committees

Wednesday, 15 December 2021

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

Insurance Issues: Engagement with Insurance Companies

Photo of Mairead FarrellMairead Farrell (Galway West, Sinn Fein)
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I want to move on to dual pricing as we are moving along in this session. Recommendation 1 of the cost of insurance working group was for insurers to set out reasons for large increases in premiums to consumers. It was agreed between Insurance Ireland and the Department of Finance in 2017. I note that none of the insurance companies' websites gives price walking or dual pricing as a reason for customer premiums increasing. Would the witnesses accept that they deliberately misled the Department of Finance and their customers by not including that?