Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I accept that. The problem is that the underwriting or investment losses are not only attributable to the motor insurance industry. In respect of the €100 million that was lost in those three years or the smaller amount of income generated between 2000 and 2014, a small portion of that came from the motor insurance industry. Is it not the case that because motor insurance is compulsory, losses made by non-life insurance companies in other areas are now being passed on to the insurance companies? Is it true that to make up the shortfall caused by investment losses of €100 million, even though about €40 million applied to motor insurance, they must make up for the losses in other areas, for example, home insurance, but it is being loaded on to motor insurance because motor insurance is compulsory? Is it not the case that basically, we have given the insurance companies a blank cheque?