Results 10,121-10,140 of 10,460 for speaker:Gerry Horkan
- Seanad: Budget 2017: Statements (11 Oct 2016)
Gerry Horkan: I thank the Minister of State for engaging with us today. He is probably the Minister who is here most often, dealing with both finance and public expenditure matters. Fianna Fáil is committed to facilitating a budget that invests in public services and targets tax reductions on low-income and middle-income earners. We are providing real leadership to create a stable and fair...
- Seanad: Budget 2017: Statements (11 Oct 2016)
Gerry Horkan: Is Senator Craughwell feeling left out?
- Seanad: Budget 2017: Statements (11 Oct 2016)
Gerry Horkan: Proper order.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: I am not really sure how I can follow all that. I thank Dr. Roux for his presentation. There is nothing in the section on working towards a solution other than fewer crashes and more enforcement. There does not seem to be anything the Central Bank can do to help. I think we all know that if everybody slows down and has fewer claims and if we got rid of fraud, we would have no claims,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: Could Dr. Roux elaborate on what is meant by uneven data management quality and where boards exercise less monitoring and oversight than required?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: In terms of the information in table 22, are the statistics on the Irish risk motor business audited by the Central Bank or does the Central Bank accept whatever statistics Insurance Ireland gives it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: They are not figures that the Central Bank interrogates. It accepts the figures.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: FBD seems to be the only really Irish motor insurance company. There are the other large five, six or eight companies and we were told there were 22 companies in total, of which 11 are based in Gibraltar. Do the figures in table 22 reflect the total Irish motor insurance business, whether they are incorporated in Gibraltar and supervised by somebody else?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: Are all 22 companies Irish authorised?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: What does Irish authorised-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: So it includes the AIGs which are UK based.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: Are they in the figures?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: Of the 22 insurance players in the Irish market, how many are Irish regulated?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: Do we know how much of the total market those eight occupy?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: Does that mean that all the stuff we have been talking about today and all the references people have made to losses in the industry only reflects 60% of the total trade in the jurisdiction?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: What about AIG? There is a flaw there and perhaps it is our fault. It was on my list of questions from the start to ask what is in this table. The Central Bank supervises the companies and not the losses. Does the table of insurance industry losses that we are talking about only represent about 60% of the total jurisdiction?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: Is it potentially the case that those companies, which we do not have any visibility on through the Central Bank figures, could be making lots of money? Do we do know they are not?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: It can charge logo fees and head office costs anyway it likes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: If the business is producing profits better than the average, it can charge logo fees, head office fees, marketing charges and whatever and then come out with a certain figure. It is not normal practice but it is common practice. We do not see the figures. The Central Bank does not see the figures anyway.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Gerry Horkan: The committee has met for five and a half days before now with everyone telling us the industry is losing a fortune-----