Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

The current hope is that the downward trend we have seen since last July, and which is now at 6%, will continue through the course of this year. This would mean that people who renewed their policy in the last month should notice a reduction in their premiums when they renew in 12 months' time. I would be amazed if they do not. These reforms are being done and other things are happening in the wider market that are of benefit to the insurance industry, not just the Setanta Insurance judgment but also with regard to yields and investments.