Results 12,201-12,220 of 26,053 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: If I am permitted.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: I want to make my contribution in a climate where we can talk about this topic. I acknowledge the fact that premiums have gone down, but we are still hearing from people who are having issues with them. The Minister of State is well aware of that. The debate on the Judicial Appointments Commission Bill 2017 currently going through the Seanad is being dominated by two individuals. That...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: This database is about claims. That is very important. Will there be any database which will give an analysis of what individual companies are charging on average across a range of areas? I am referring to premiums.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: I accept that. I know that is not what this is for but I am concerned about the transparency aspect. What would be in this database?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: On the first point, the Minister of State spoke about premiums. Was he referring to premiums relating to a specific claim or to premiums generally?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Right. This database covers a lot more than just claims.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: When one is looking at it one will see a claim and the associated premium. There will be no general analysis on premiums.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: It will collect information for the last ten years. Will each insurance company be obliged by law to provide this information?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Can they opt out?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: How quickly will the Minister of State have access to the information?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Yes. When will it be up and running?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: How quickly will this database be compiled?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Who will have access to the database?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Will only the Central Bank have access?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: We are aiming to get to a point at which we can see the claims being made and the claims being paid out on in stark terms and in terms of the premium. The Minister of State referred to stakeholders. I am trying to come up with the mechanism by which this measure will bring about a reduction in claims and a reduction in premiums. I am trying to find out who will be able to see this database.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: I accept the information deficit. I am more interested in the user. Who will be able to get access to this? I want to give an example. There is no point in having a database if it is not being used by the correct people.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Who will use the database?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Will we have access to it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Obviously the Central Bank will have access. Let us take the case of someone making an insurance claim. For argument's sake let us say I am the holder of a motor insurance policy, I am involved in a car crash and someone takes a claim against me. In that case will I be able to see the database? I am trying to figure out how this decrease will manifest. What will be the purpose of this...