Gerry Horkan (Fianna Fail) | Oireachtas source

Can they work out from those statistics whether the motor insurance industry is profitable or loss making? I know we saw the figures that said insurance companies generally are losing €20 to €30 per €100 of premium paid. That statistic was quoted to us earlier in the hearings but I have not had an opportunity to study the statistics. It appears to me that many of the people who appeared before the committee were not aware of these statistics or they certainly gave us the impression that they were very lacking in data about what is going on within the motor insurance industry. The witnesses are almost the last star witnesses of the sessions we have had up to now and are pretty much refuting what everyone else has said. If that is the case, so be it, but those people are investigating the industry and they do not seem to know all the information exists or else the witnesses are telling us something exists and what they want is not what exists.