Results 10,081-10,100 of 11,968 for speaker:Paul Murphy

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)

Paul Murphy: I thank Dr. Roux for his presentation and for coming here. What level of profits and losses did the motor insurance industry make during the past 15 years?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)

Paul Murphy: How do they relate to table 15 of the Central Bank insurance statistics, which relate to the motor vehicle Irish risk insurance business? There are two categories, namely, undertakings with their headquarters in Ireland and undertakings with their headquarters in other EU states. What accounts for the difference? Dr. Roux said some risks that are not in the State are included in the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)

Paul Murphy: I will get back to Dr. Roux on it. Can he explain, in two sentences, the difference between table 15 and table 22?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)

Paul Murphy: Dr. Roux stated the legal reality that:The Central Bank does not have a role in the setting of premiums, and ... is explicitly prohibited by European law from [doing so] ... This is because the European single market for insurance has been set up by EU legislators on the basis of free market principles ... The contention underpinning this institutional choice is that over the medium term, the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)

Paul Murphy: Weighed against the evidence we have, this is the article of faith that was implied in terms of banks and property lending by the Central Bank according to the rules under which it operates and the consequences of a €60 billion loss for the State. Regulatory returns submitted show combined underwriting losses of €684 million for the years 2013, 2014 and 2015. It is accepted...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)

Paul Murphy: One of the jobs of the Central Bank is looking after the solvency of insurance companies. I presume that includes a level of profit. Is there any level of profit the Central Bank would consider excessive for insurance companies?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)

Paul Murphy: I have a question about young drivers. The report published towards the end of last year relates to the private motor insurance statistics for 2013. The point is made in it that younger policyholders continue to present the highest average surpluses. Will the witness unpack that? Is that indicating the extra amounts being paid by young drivers, on average, for their insurance is above...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)

Paul Murphy: Insurance companies deal in averages and big numbers, although they deal with individuals as well. The definition of average surplus per policy is the average earned premium income per policy less average claim cost per policy. If it is the case that the Central Bank is saying that younger policyholders continue to present the highest average surpluses, it indicates not just that they are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)

Paul Murphy: Will the witness provide the profit figures in written form and circulate them to the committee? It would be helpful to be able to compare them.

Written Answers — Department of Social Protection: Back to Education Allowance Eligibility (6 Oct 2016)

Paul Murphy: 22. To ask the Minister for Social Protection his views on reviewing the rules regarding the back to education allowance to allow persons to pursue courses that represent a development in their learning, training and career prospects but which may not represent progression as currently implemented under the scheme; and if he will make a statement on the matter. [28792/16]

Written Answers — Department of Social Protection: Anti-Poverty Strategy (6 Oct 2016)

Paul Murphy: 29. To ask the Minister for Social Protection when his Department will publish the Millar report on the situation of lone parents; his views on reported leaks of the report which indicate that the report finds that cuts have made lone parents worse off and that this has contributed to child poverty; and if he will make a statement on the matter. [28791/16]

Written Answers — Department of Social Protection: State Pensions (6 Oct 2016)

Paul Murphy: 42. To ask the Minister for Social Protection his views on the establishment of a universal single-tier State pension rather than the existing two-tier structure, which gives a lower rate for those who have been out of work caring for family members or in training for a longer period in their working life; and if he will make a statement on the matter. [28794/16]

Ceisteanna - Questions: Cabinet Committee Meetings (5 Oct 2016)

Paul Murphy: 1. To ask the Taoiseach when the last meeting of the Cabinet committee on European affairs took place. [28290/16]

Ceisteanna - Questions: Cabinet Committee Meetings (5 Oct 2016)

Paul Murphy: Has the Cabinet committee discussed the growing momentum towards a significant further step in the militarisation of the European Union in the context of Brexit, which has, according to one source who comes from an EU state with a large defence industry, created a "new situation" but that "we are just at the beginning of the process" and that talks could go on for "years to come"? He or she...

Written Answers — Department of Housing, Planning, Community and Local Government: Departmental Strategies (4 Oct 2016)

Paul Murphy: 228. To ask the Minister for Housing, Planning, Community and Local Government his plans to reflect and deliver on a public duty (details supplied) in his Department's statement of strategy due to be published in October 2016; the way in which his Department is engaging with the programme for a partnership Government commitment to equality and gender proofing in the departmental and budgetary...

Written Answers — Department of Social Protection: Departmental Strategy Statements (4 Oct 2016)

Paul Murphy: 279. To ask the Minister for Social Protection his plans to reflect and deliver on a public duty (details supplied) in his Department's statement of strategy due to be published in October 2016; the way in which his Department is engaging with the programme for a partnership Government commitment to equality and gender proofing in the departmental and budgetary process; and if he will make a...

Written Answers — Department of Health: Departmental Strategy Statements (4 Oct 2016)

Paul Murphy: 407. To ask the Minister for Health his plans to reflect and deliver on a public duty (details supplied) in his Department's statement of strategy due to be published in October 2016; the way in which his Department is engaging with the programme for a partnership Government commitment to equality and gender proofing in the departmental and budgetary process; and if he will make a statement...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2016: Department of Public Expenditure and Reform (29 Sep 2016)

Paul Murphy: I thank the Minister. One of the more interesting parts of the expenditure report was the part on expenditure rules. It contains a lot. In summary, empirical evidence suggests the existence of a negative correlation between public investment and the use of an expenditure rule estimating that countries with an expenditure rule in place will see the ratio of gross fixed capital formation...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2016: Department of Public Expenditure and Reform (29 Sep 2016)

Paul Murphy: The option of going off-balance sheet was also covered by the report, that is to simply develop extra budgetary or quasi-fiscal activities. That, effectively, refers to off-balance sheet, PPPs and such like. The report does not refer to them as a positive but as a negative. Is there not a fundamental problem with the expenditure rule as it is currently written even in that limited basis?...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2016: Department of Public Expenditure and Reform (29 Sep 2016)

Paul Murphy: The report also says that expenditure rules seem to be effective in mitigating the pro-cyclical bias which characterises Government spending. If there was a recession tomorrow the fiscal space would shrink to a negative figure and to keep within the fiscal space it would be necessary to introduce extra cuts. Can the Minister explain how is that not pro-cyclical?