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

Whether an insurance entity itself was disaggregating out the amount it was reserving based on the different uncertainties it saw in the market, I do not know. They may not have. They may have calculated a reserve amount based on a number of uncertainties but they may not have disaggregated out how much of that reserve was because of Setanta. When they then had a premium for the customer, it may have been a general increase based on the high reserves they had to carry and a general feeling of uncertainty around a number of issues in the market. One of the actions we are progressing now is that customers will get a breakdown of their premium and where there is a rise that there will be an explanation for it. In terms of getting a breakdown of the premium and an explanation for where there is a reduction, that is not something we considered because I am not sure people have been that concerned as to why their policies have gone down if it was not around general issues like having their two-year no-claims bonus kick in. We are still devising the legislation or protocol for this breakdown for customers. We are still discussing this with the industry but I do not think we are going to get on a policy-by-policy basis what that will actually be.