Results 1,501-1,520 of 5,148 for speaker:Mairéad Farrell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: I thought the Chair was indicating that my time is up.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: I thank Mr. Boland. That was quite interesting. Another thing that we discussed was the Judicial Council (Amendment) Bill. I asked whether the Bill would require insurers to provide audited reports to the Central Bank detailed whether these reduced claims costs arising from personal injuries guidelines have been passed on to consumers. In the past two weeks, both insurers and the Central...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: Those are all the questions that I have for now. I thank the witnesses for coming before the committee. I hope they have a wonderful Christmas.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Ombudsman and Information Commissioner: Commissioner Designate (9 Dec 2021)

Mairéad Farrell: I, too, congratulate Mr. Deering on his nomination for the position. I heard and read his opening statement with real interest because I am interested in this subject myself. Mr. Deering said that "public services are not always as good as they could or should be ... and information is not always furnished". Does he think that is due to an internal culture or is it due to a lack of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Ombudsman and Information Commissioner: Commissioner Designate (9 Dec 2021)

Mairéad Farrell: I have one final question on the protected disclosures legislation mentioned by Mr. Deering, which is something that we have been dealing with in this committee and that I am particularly interested in. I have heard concerns from whistleblowers and academics and from transparency campaigning organisations that certain provisions in the Bill on public service disclosures could lower existing...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Engagement with Insurance Companies (15 Dec 2021)

Mairéad Farrell: Would anybody else like to answer the question? I would like to get specifics on it rather than talking around the question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Engagement with Insurance Companies (15 Dec 2021)

Mairéad Farrell: That does not really answer it. My question really is: if the claims under the category of awards have fallen by 40%, by how much can we expect the cost to have fallen? What would that be in nominal terms and on a euro for euro basis? We should expect premiums to have reduced by that amount solely as a result of the personal injury guidelines coming into effect. What percentage have the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Engagement with Insurance Companies (15 Dec 2021)

Mairéad Farrell: Will the national information claims database be able to monitor or show if the savings the RSA Group, AIG and FBD make as a result of the personal injury guidelines have been passed on to their customers euro for euro?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Engagement with Insurance Companies (15 Dec 2021)

Mairéad Farrell: I will move on to the RSA Group, AIG and FBD’s profits and Covid-19. We saw that during the majority of 2020 the economy and society were under stringent public health measures, there were fewer cars on the roads and businesses were closed. Traffic fell by 37% while the number of claims in motor insurance fell by 26% and the cost of claims per policy fell by 20%. However, the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Engagement with Insurance Companies (15 Dec 2021)

Mairéad Farrell: It was about profit margins in motor insurance for the years 2017 to 2020, inclusive.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Engagement with Insurance Companies (15 Dec 2021)

Mairéad Farrell: 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...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Engagement with Insurance Companies (15 Dec 2021)

Mairéad Farrell: I will just ask a yes or no question on this. Can each witness confirm if their organisation practises dual pricing or price walking? Can they confirm if this involves identifying customers who are more likely to renew and charging them extra?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Engagement with Insurance Companies (15 Dec 2021)

Mairéad Farrell: I thank Ms Tobin. I would just like a yes or no answer on that question really.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Engagement with Insurance Companies (15 Dec 2021)

Mairéad Farrell: I am grateful for that clarity. My question is if the organisations charge renewing customers premiums that are higher than the technical premium. I would like a yes or no answer from everybody.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Engagement with Insurance Companies (15 Dec 2021)

Mairéad Farrell: Go raibh maith agat.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Engagement with Insurance Companies (15 Dec 2021)

Mairéad Farrell: Gabhaim buíochas leis na haíonna atá sásta labhairt linn. I thank the guests for appearing before the committee today. Many people had concerns over payments for personal injury claims and lost faith in the insurance industry as a result. The introduction of the personal injury guidelines on 24 April significantly reduced the cost of claims. As soon as the guidelines...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Issues Related to the National Lottery: Discussion (15 Dec 2021)

Mairéad Farrell: Ba mhaith liom buíochas a ghabháil le Mr. Algeo for appearing before the committee. This is something that is of great interest to many people. My first question relates to the probabilities of this happening. It is my understanding that with 47 balls an individual has a one in 10.7 million chance of winning. An average of 1.4 million tickets are sold per game. Therefore, there...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Issues Related to the National Lottery: Discussion (15 Dec 2021)

Mairéad Farrell: Does Mr. Algeo mean that it brings it down because of the unique aspect?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Issues Related to the National Lottery: Discussion (15 Dec 2021)

Mairéad Farrell: Then the unique aspect is basically that 847,000 rather than the 1.4 million per game. That is what Mr. Algeo is saying, in effect, in terms of the unique aspect.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Issues Related to the National Lottery: Discussion (15 Dec 2021)

Mairéad Farrell: Okay.