Results 10,401-10,420 of 10,460 for speaker:Gerry Horkan

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: On the same point, does Mr. O'Rourke have evidence or data to support what he was saying about foreign-owned or foreign-based companies that are operating in Ireland, or was he speaking on the basis of anecdotal evidence and his own experience?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: I do not mean to cut across Mr. O'Rourke, but I should mention that Mr. Conor Faughnan and others told us this morning that just five players are really left in the market. Now Mr. O'Rourke is telling us that there are 24 companies, 11 of which are based in Gibraltar. The committee heard this morning that there are five players, but Mr. O'Rourke is saying there are 24 players.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: Are some of them very small?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: Do we have any data on the percentages involved? Do the five biggest players control 85% of the market? Do we have any idea of the relative strengths of all the players in this market? We are on the second of six days we are spending on this topic. We are hearing similar things from everybody. Everybody seems to identify the problems, but we have not really got any solutions. It is all...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: It is all about data.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: I thank Mr. Jewell. Have Senator Conway-Walsh's points been addressed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: We do not have time to kill but if the Deputy has another point, he might make it. If he concludes his remarks, we can bring Mr. Jewell back in.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: It is certainly a way of tackling issues from a peculiar angle.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: I am unsure as to whether Mr. Jewell saw any of this morning's contributions but one of our committee members asked about a nationalised or State insurer. I do not mean to keep coming back to Mr. Faughnan, who was speaking more as a representative of the Automobile Association on behalf of motorists than a broker - he would have experience as a broker as well - but he argued that even if the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: Has Mr. Jewell managed to engage with Insurance Ireland? As the representative of the Consumers' Association of Ireland, has he had a sit-down meeting or dialogue with the insurance companies, saying, "Look, we're the Consumers' Association and we represent the consumer, in this case, the motorist"? I do not think any sector in the country has seen price rises of 37% or 38% from one year to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: It is staggering. We heard this morning that 8% of insured people are making claims and therefore 92% are paying in and seeing nothing except price rises. They are doing what they are legally required to, and they have to.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: However, it is not 60% of people paying for 40%, it is 92% paying for 8% and the administration of that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: Has Mr. Jewell had a proper dialogue where an insurance company has said that it acknowledges the association's role but the reasons insurance costs are going up is claims, that it is historic, that it is paying for Setanta, Quinn and whoever, and that the company was historically under-charging? These are all the things we are hearing, but we have not yet heard from individual insurance...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: Were they insurance providers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: We will have Insurance Ireland in later on in the session-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: -----but perhaps not the individual companies.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: If Mr. Jewell was sitting in our position next week when we will be dealing with Insurance Ireland, what questions would he put to the representatives or what questions does he want us to put to Insurance Ireland? We will obviously have lots of our own questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: On the questions to Insurance Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Gerry Horkan: The points made by Senator Rose Conway-Walsh and Deputy Frank O'Rourke have been addressed by both Mr. Jewell and Mr. O'Rourke. Unless anyone else has a particular point to raise on this side, we will finish up. On behalf of the committee and on my own behalf, I thank Mr. Jewell and Mr. O'Rourke for participating in this meeting and for the material they supplied in advance.