Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

I was not aware of this, but the amazing thing is that the insurance sector is paper laden. It is still a paper business, even with all the technology we have. Prior to coming into this job and sitting down with the insurance companies, I would have said exactly what the Chairman is saying. There will be an extra cost if we have to do that and everything the committee is doing and its report, and everything I am trying to do, is trying to reduce costs and not add them.