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

Mr. Tomás O'Midheach:

Similarly, we applied the reduction in advance. Immediately on publishing and without any experience, we applied it. We reviewed it and applied an increased reduction based on the experiences of what had occurred. I do not believe the reductions are slower than expected. They are given in line with the publishing of the guidelines, effectively in advance of any experience and upon a six-month review of the experience.