Gerry Horkan (Fianna Fail) | Oireachtas source

We get all the data and we still wonder why insurance premiums have gone up by 70% over the past two to three years. Some 10% of claims are resolved in the courts, 20% are resolved with the Injuries Board but we have no visibility on 70% of claims. On those 70% of claims, is it credible that all of the increase the industry states is required, separate from the element of Solvency II and element of lesser investment income, could be due to the revolving a greater number of claims at a higher level? If all the Injuries Board claims are reasonably static and the courts claims are reasonably stable, it is hard to believe that all the extra increase is warranted because the industry has decided to settle a great number of claims out of court, some 70% of them, at a much higher level than it used to. That is possible but I doubt it. It does not seem to me to probable.