Results 12,361-12,380 of 26,208 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Right. This database covers a lot more than just claims.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: When one is looking at it one will see a claim and the associated premium. There will be no general analysis on premiums.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: It will collect information for the last ten years. Will each insurance company be obliged by law to provide this information?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Can they opt out?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: How quickly will the Minister of State have access to the information?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Yes. When will it be up and running?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: How quickly will this database be compiled?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Who will have access to the database?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Will only the Central Bank have access?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: We are aiming to get to a point at which we can see the claims being made and the claims being paid out on in stark terms and in terms of the premium. The Minister of State referred to stakeholders. I am trying to come up with the mechanism by which this measure will bring about a reduction in claims and a reduction in premiums. I am trying to find out who will be able to see this database.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: I accept the information deficit. I am more interested in the user. Who will be able to get access to this? I want to give an example. There is no point in having a database if it is not being used by the correct people.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Who will use the database?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Will we have access to it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Obviously the Central Bank will have access. Let us take the case of someone making an insurance claim. For argument's sake let us say I am the holder of a motor insurance policy, I am involved in a car crash and someone takes a claim against me. In that case will I be able to see the database? I am trying to figure out how this decrease will manifest. What will be the purpose of this...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: I accept that. I am going to single issues. That is all I am going to look at. I still do not understand who will actually use the database to bring about transparency and to bring down the value of claims, which would then bring about a reduction in premiums. When this is compiled by the Central Bank, which will control it, how will it bring about a reduction in claims and premiums on...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: Is this really for use by the insurance industry?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: The Minister of State is referring to policy in the Central Bank and the Department of Finance.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: I welcome the measure in respect of Setanta. When the payments are made in late November or early December, will it bring a conclusion to matters for all policyholders with Setanta?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Kieran O'Donnell: What will remain to be done?