Results 841-860 of 5,148 for speaker:Mairéad Farrell
- Joint Oireachtas Committee on European Union Affairs: Comprehensive Economic and Trade Agreement: Discussion with Tánaiste and Minister for Enterprise, Trade and Employment (26 May 2021)
Mairéad Farrell: Go raibh maith agat-----
- Joint Oireachtas Committee on European Union Affairs: Comprehensive Economic and Trade Agreement: Discussion with Tánaiste and Minister for Enterprise, Trade and Employment (26 May 2021)
Mairéad Farrell: The Minister replied to me earlier in terms of internationalism. Let me be very clear: I am an internationalist. My concerns are specifically about the investor court system and the fact that companies will have access to a court that ordinary people do not have access to. It is astounding that there has been no risk analysis of the financial impact of this. The Tánaiste is saying...
- Joint Oireachtas Committee on European Union Affairs: Comprehensive Economic and Trade Agreement: Discussion with Tánaiste and Minister for Enterprise, Trade and Employment (26 May 2021)
Mairéad Farrell: Does the Tánaiste believe there could be overconfidence bias?
- Joint Oireachtas Committee on European Union Affairs: Comprehensive Economic and Trade Agreement: Discussion with Tánaiste and Minister for Enterprise, Trade and Employment (26 May 2021)
Mairéad Farrell: It is specifically overconfidence bias, as per behavioural finance, that is of concern to me. The Tánaiste makes his point based on logic but it is very clear that there are biases. While the Tánaiste may disagree with my concerns and I may disagree with his view on benefits, we must, if we are to deal with this, because it is of such importance, realise that the fact that no...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: Perhaps, Chairman, the committee could follow up on this by way of communication to the Minister of State, Deputy Fleming. I am interested in knowing if the witnesses are aware of other increases like the significant increases I have just outlined that are affecting the sector.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: I am asking about increases in other costs that might impact the sector. For example, we know of the massive increase in PI insurance cover to €65,000, which companies will not be able to pay as to do so would make their businesses unviable into the future. Have there been similar significant increases in costs in other areas? It is important we would be aware of any such increases...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: I thank Mr. Lyons. I take on board what he said. I have a number of questions for the witnesses from AXA Insurance Ireland and AIG Insurance Ireland.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: Apologies, but there are some issues with the sound.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: I would like it if Mr. Bradley could specifically outline in nominal and percentage terms the operating profits for 2018, 2019 and 2020. I am conscious of the fact we are under a bit of time pressure so if he does not have it now, I ask that he forward the figures to the committee. That would be fine too. I am conscious of time as we only have about 45 minutes left.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: Okay. What percentage of a premium charge is due to the cost of claims? What is the cost of claims arising from personal injury awards?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: Okay. What percentage of AXA's total costs are attributed to claims costs and then claims costs arising from personal injury awards?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: I am sorry. Has AXA projected the new personal injuries guidelines to reduce its claims costs arising from personal injury awards?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: Okay. I will now put those same questions to Mr. Connaughton if his sound levels have improved. Does he have in front of him the figures for AIG's operating profits for 2018, 2019 and 2020, in nominal and percentage terms?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: Okay, go raibh maith agat. Does AIG price a premium based on the risk profile of the customer and expect a cost of claims for the following 12 months or for the contract period?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: What percentage of a premium charge is due to the cost of claims? What is the cost of claims arising from personal injury awards?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: How has AIG projected the new personal injuries guidelines to reduce its claims and costs arising from personal injury awards?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: That is all from me.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: I welcome the witnesses. I will commence with questions to Engineers Ireland. The committee has received correspondence from fire safety engineers who are concerned about the huge rise in the cost of PI insurance. One particular company said that the cost of cover in 2019 was €2,500, that it then rose to €7,000 in 2020 and that in 2021, initially, it was unable to get a quote...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: I thank the Chairman and I advise him that I would like to come back in later.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)
Mairéad Farrell: I have five straightforward questions. If the representatives of the two companies can just answer them, we will get through them very quickly. What were the companies' operating profits for 2018, 2019 and 2020, in nominal and percentage terms?