Gerry Horkan (Fianna Fail) | Oireachtas source

We take that point. The likelihood is that any new entrant will go in to get business for themselves, but that will, by and large, be at the expense of other business, particularly in something like motor insurance. One does not create extra motor insurance just because one enters the market. One can argue in an airline scenario that if one drops the price enough, people travel more, but there is one motor insurance policy for a person's car or per person, and a new entrant, if they do it right, will damage other businesses. Then the customer is supposed to pick up the tab if that business fails, which is a peculiar way of looking at things.