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

Had Deputy Burton been here earlier, she would have heard me agree with Deputy Pearse Doherty's view about consumer protection with the Central Bank. The information flow will benefit the consumers based upon policy direction. As I stated a moment ago, we have sight of 30% of the settlement channels. We have no sight over exactly how the awards are affecting the premia but we will have sight over them when this legislation is passed.

When we pass the legislation, potentially, there will be more information. The 70% of the settlement channels of which we have no knowledge at present will be available and we will be able to see whether a percentage of companies are settling too earlier and whether some companies are settling without a medical report because it is probably cheaper commercially. If that is the case, it falls within the ambit of the Oireachtas to do something about it. We will not see until we get the information flow. The information flow will be a ten-year look backwards. Some of that work, in terms of the types of insurance and the types of flow, is done already.