Rose Conway Walsh (Sinn Fein) | Oireachtas source

It is hugely important. I am glad we all agree that the State can no longer be a neutral actor in all of this, given the dysfunction we have seen in the insurance market. While much of our rhetoric is aimed at the industry, most of our recommendations are about what others can do. The Minister of State's working group has the potential to put more radical suggestions on the table. Can he reassure us that he will talk to the industry and not just work around the issues thus dealing with everything except the elephant in the room. The industry has profited wildly but is now facing less profits, and now simply wants to ramp up prices. In that context, how confident is the Minister of State that premiums will start to reduce? I know they have fallen slightly for motor car insurance in the last month, but maybe the Minister of State can give us an opinion on it.