Paul Murphy (Dublin South West, Solidarity) | Oireachtas source

That is if one accepts that the insurance industry must be run on a for-profit rather than a non-profit basis. That is the premise and it is a private company. To follow that logic, the company's shareholders expect the company to make a profit so if the cost of claims were to be reduced, would the company not be under some pressure from its shareholders to see that a portion of that reduction in claims goes to increased profits?