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. Aidan Connaughton:

As the Deputy correctly stated, the CCPC investigation into price signalling in motor insurance is closed. It closed with no evidence of anti-competitive behaviour on the part of AIG. We signed up to undertakings at the request of the CCPC. Similar to Mr. O'Midheach, I do not see a direct line in relation to the competitiveness of premiums as a result of the CCPC investigation. We would always look at premiums based on the trends of frequency and severity. We will continue to do that as we have done before.