Results 13,021-13,040 of 36,748 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: Mr. O'Rourke said that all suspicions of fraud were reported to the Garda. Does AIG therefore believe that other 440 cases that are not in the courts system were not fraudulent?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: I do not want to go around the house on this. The witnesses need to read section 19 of the Criminal Justice Act 2011. It is not for insurance companies to decide whether the evidence reaches the threshold for prosecution. That is a matter for the Garda and the Director of Public Prosecutions, DPP. The witnesses and their companies have a clear responsibility to report any suspicions of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: I ask the representatives of Aviva the same question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: Serious questions must be asked about how our Judiciary operates if those are the types of awards being given out for €80 worth of damage to a bumper with no other personal injury damages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: I appreciate that. Our guests will hear from many members of the committee that we want additional action in respect of an insurance fraud unit and to ensure there is not a revolving door in the courts, with those who make fraudulent claims just walking out with no losses. Deputy Michael McGrath has prepared legislation in that regard. Nevertheless, this meeting is about the industry and I...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: There are two issues with that. Every claim that is believed to be fraudulent needs to be reported. What percentage of claims made to the company does Mr. Farrell believe are fraudulent? What proportion of the total number of claims made to Aviva are the 100 cases that were reported to the Garda?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: Aviva reported 100 claims in 2018. For what proportion of the overall number of claims made to the company does the figure of 100 account?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: Does Mr. Farrell know how many claims were made against the company in 2018?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: How many personal injury claims were made against Aviva in 2018?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: I have worked the figure out. It is 2.5%. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: I do not mean the 800. I am asking for the ratio of fraudulent claims to personal injury claims made to the company. There are 4,000 personal injury claims each year and Aviva reported 100 of them to the Garda, which is 2.5%. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: What does Aviva do with the other 700?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: Let us say somebody makes a fraudulent claim, which is a crime. Aviva believes that passing on the name and address of the criminal and the details of the crime is not of material assistance to the Garda, whose job is to prevent and detect crime.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: I return to the question of what happens to the 700 that Aviva does not report to the Garda.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: Are our guests suggesting that Aviva fights every one of the 700 claims?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: We have heard that but we need to move on to other questions and perhaps Mr. Quinlan might be able to answer them. What is Aviva's claims ratio? I refer to the number of claims, or the amount that is paid out in claims, for motor insurance versus the premium earned.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: I would like to hear the figure from each of the companies.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: The claims ratio, that is, the amount that is paid out in claims as a proportion of the premium earned, is below the European average. European insurance companies have a higher claims ratio. They pay out more on claims compared with the earned premium they bring in. Do our guests accept that the European average is 76%, which means that each of our guests' companies has a claims ratio of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Pearse Doherty: Is Mr. Brennan familiar with Insurance Europe and its work?