Gerry Horkan (Fianna Fail) | Oireachtas source

We have had a very productive and helpful discussion from all of the witnesses, whom I thank for their opening statements and the questions and answers session since. Motor insurance premiums went up by 35 to 40% in the last year. What does each organisation believe to be the number one reason - or two or three reasons if the witnesses need them - for this rise in the past year? Is it claims, an attempt to recover past losses or solvency? What do the witnesses think is the real reason premiums are up 40% in a year?