Gerry Horkan (Fianna Fail) | Oireachtas source

They are part of the reason. Some of the reasons are the historic cost being allegedly too low or companies going out of business for whatever reason - bad practices, not insuring the right risk, not managing their business properly, charging too little and paying out too much relative to what they were charging. The Central Bank has put in place these new changes and it is effectively, as the supervisor and regulator, asking insurance companies to charge more.