Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Fair enough. It is up 24% over 2014 levels but it is still significantly below the 2011 levels. That said, that seems to be an outlier in the data contained in the insurance statistical review. Premiums have increased by 70% in three years but the payouts three years ago were just under €1 billion and were just over €1 billion in 2012 and 2014. While there has been a 24% increase. That is not 70%. How did we arrive at a point where premiums are up by 70% in three years if the industry is saying that the main factor driving that is claims payouts? That is not borne out by the evidence.