Gerry Horkan (Fianna Fail) | Oireachtas source

That is exactly the point I am making. A commercial entity will enter a market that has not significantly expanded. Car sales may have increased but new cars by and large replace older cars. They are generally not all bought by new drivers. Although some people turning 18 years of age will join the market, people at the other end will also leave the market. We have a long history of insurance companies going wallop. Cases include PMPA, ICI, Quinn Insurance and Setanta Insurance. Everyone else is expected to pick up the tab when companies fail. Ultimately, however, the people picking up the tab are not the insurance companies but drivers with an insurance policy.