Results 15,241-15,260 of 26,653 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: I apologise for cutting across Senator Conway-Walsh but as an industry, what information has Insurance Ireland collected as a matter of fact in terms of dealing with the different companies it represents? Surely Insurance Ireland is already collecting some of these data.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Is this information made available?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: I am sorry to go over this again but on each day of these hearings, we have been hearing that Insurance Ireland is withholding data and that it has the data. Mr. Thompson is stating that Insurance Ireland has access to the data but has not broken them down. Consequently, Insurance Ireland must collect those data and publish them or give them to the Central Bank and the joint committee must...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Insurance Ireland has put all the information it has into the Central Bank in a non-granular format.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: The point is if the insurance industry is signalling to the market there will be an increase of 30% or 40%, it must have a reason for saying that. Insurance Ireland must have hard data giving it the information that this will be the case. I will revert to the earlier point about which I was not being flippant. The witness who appeared before the committee this morning was paying...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: I have a question as to the €10,000. A sum of €10,000 was paid for information that is already available. The person in question did not pay the €10,000-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Sorry. What did you say, Mr. Horan?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Can Insurance Ireland make that available?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: It is making it available to the guy who pays it €10,000.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: I am not asking who might be interested. I am asking why Insurance Ireland does not publish that information.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: No. Why would Insurance Ireland not publish it? It is anti-fraud and we want to know about it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Why is the person in question paying €10,000 for it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Would it not be a useful tool for other operators that might want to come into the market?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: And pay Insurance Ireland the €10,000.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: That is fine. What the witnesses are telling me now is that, apart from the published information through the Central Bank, there is other information that is helpful to the marketplace in terms of insurance houses and big companies. If they were to pay Insurance Ireland €10,000, it would make that information available to them. Is that right or wrong?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Is that the only add-on piece of information this man is getting for his €10,000?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Does he receive extra data for his €10,000?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: The witness is not answering the question. Insurance Ireland sends it data to the Central Bank. I understand all that. Is there extra information that is available to Insurance Ireland that it makes available to the likes of the client that we had this morning that it does not put into the public domain but that may be of interest to companies coming into the market? Is that the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: I believe the most important point is this, Mr. Thompson. I now believe, from this exchange, that Insurance Ireland has information that it does not share and that it should share to enable Ireland Inc. to have a competitive insurance sector. That is what I now believe from this exchange. Senator Conway-Walsh, who raised the issue again, might like to address that.