Kieran O'Donnell (Fine Gael) | Oireachtas source

Everything must be done to ensure the insurance industry does not exploit this particular 2% on the MIBI to increase premiums. Over the last year, I have met people involved in various areas who deal with insurance companies. They all predicted a year ago that profits for the insurance industry this year would be very high. The ball appears to always be in the hands of the insurance companies rather than with the consumer. We have to find a way to give the ball back to the consumer.

Everything here appears to add extra cost. Premia should only be decreasing and I ask that insurance companies do not exploit the situation and use it as an excuse to raise premia.