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

Dr. Cyril Roux appeared before the committee during our hearings with the Central Bank and he described that as an act of faith - it is faith in the market that a high rate of profit will result in more entering and so forth. However, it is not the case that there is an automatic correlation between the cost of claims going down and premiums going down because there is an intermediate factor which is the level of profits that the companies need to take.