Results 3,881-3,900 of 4,002 for speaker:Rose Conway Walsh
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: I do not want to take up too much time. The delegation stated that the previous investigations ended with agreements and undertakings. Will the witnesses provide more detail on the nature of those agreements and are they public? Was Insurance Ireland involved? How much has the CCPC spent on its campaign encouraging people to switch providers? Is there a contradiction in the CCPC putting...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: The CCPC has no plans for a further campaign encouraging people to switch.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: It may be something that-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: That was my final question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: The problem with that is they have priced them so high, they know drivers cannot afford it. The witnesses said previous investigations ended with agreements and undertakings. Can he provide more detail on the nature of those agreements? Are they public and was Insurance Ireland involved?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: Was Insurance Ireland involved?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: I am sorry for keeping the delegation so late in the day. I thank them for coming before us. We all waited with great anticipation to hear what they would say. I have the benefit of hearing what they said this afternoon and many of my questions have been answered. Last October the Competition and Consumer Protection Commission, CCPC, warned Insurance Ireland about signalling price...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: That is not my experience with the people who deal with me. I thank Mr. Thompson for clearing up the matter of Zenith Insurance. Others might disagree with him, but it is important to have it on the record. With regard to volatility, the argument of Insurance Ireland is that volatility is to blame. That is just nonsense. Steady increases are not signs of volatility, but signs of price...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: Does Insurance Ireland have an aggregate figure for the increase in reserves over the last couple of years?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: The witnesses are saying there is no correlation whatsoever between the failing of, and decreases in, the bond market and the increase in the price of insurance.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: I understand that. Are the witnesses concerned about the Solvency II directive or that any of the insurance providers will not meet its criteria?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: I must move on, as I am conscious of the time. I must return to the data situation, but some of the questions will only require a quick yes-or-no answer. Will Insurance Ireland provide and publish the data for out-of-court settlements for 2015?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: Is that "Yes"?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: When will that be available?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: Are the witnesses stating that all the raw data are available to the Central Bank and to the Competition and Consumer Protection Commission, CCPC? I ask because we have the Central Bank before us on Monday and I really want to get to the bottom of this. If the Central Bank has the requisite actuarial resources, does it have the raw data to be able to provide all the information needed to be...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: I understand that but what does Mr. Horan mean by granular information?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: Has Insurance Ireland ever refused to supply the Central Bank with any information it has requested?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: In respect of claims and out-of-court settlements, does Insurance Ireland have information on the breakdown between the payout, the legal costs and the commission involved, as well as on any other costs involved? Is the information already broken down to that level?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: Can it be broken down?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Rose Conway Walsh: If it makes the request, it is for others to decide whether the data are worthwhile. The witnesses have stated that if it requests any information across the board to do with the insurance industry, it will be supplied to it and that nothing is kept from it.