Results 11,221-11,240 of 26,021 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: Mr. Horan quoted a figure of-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: The question is actual level of claims paid out because there is a figure there that is a moveable figure, which is effectively the expected cost of future claims.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: We are not comparing like with like. When we are talking about the number of claims that have come down, based on what Insurance Ireland is telling us, as the awards have come down in the courts by 20% that means that the provisions Insurance Ireland is making must be the payouts by the insurance companies prior to going to court, which is where the big increases are.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: Finally, is it fair to say that the payouts of claims between 2014 and 2017-2018 came down?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: I am not ignoring them. I am merely making the point - it is a fair point to make - that it is a judgment call by the insurance companies.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: The insurance companies have appeared before the committee. As far as I am concerned, many of them are making super profits, such that they have got it right. I agree with Mr. Hassett that there is need for more competition in the market.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: How can an insurance company work with an intermediary that is not licensed by the Central Bank of Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: Do the insurance companies believe they are dealing with the consumer as distinct from the broker?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: Senator Lawlor makes a fair comment. It is unusual, given the level of security in respect of the ordinary person making an application online, that the fraud was not detected. It is astounding.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: Would Mr. Hassett accept that-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: I believe that the individuals who were defrauded should be looked after by the insurance company in terms of a refund.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: The information we have is that personal injury claims decreased from 255,000 to 200,000.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: How many of those were personal injury claims?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: Mr. Horan has repeatedly stated that personal injury claims increased. Can he substantiate that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: I am asking about the number of claims.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: I am referring to the 255,000 to 200,000 reduction, which is a reduction of 55,000. The witnesses have continually stated that personal injury claims have increased. I am asking Mr. Hassett to substantiate that claim. If the overall number of claims have decreased, surely the number of personal injury claims have decreased.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: The figures do not lie. If Mr. Hassett is saying that personal injury claims have increased he needs to substantiate that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: No. There is a figure of 250,000 versus a figure of 200,000.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: There is a reduction of 55,000, which is 22%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)

Kieran O'Donnell: Insurance Ireland is saying the number of personal injury claims has gone up. I do not believe that is the case because the overall figures are down. By definition the personal injury claims must be down.