Jack Chambers (Dublin West, Fianna Fail) | Oireachtas source

I welcome everyone and thank them for their contributions. This meeting is happening in the context of serious developments in the childcare sector and the ongoing crisis in the motor insurance sector. My first question is for the representatives of the Competition and Consumer Protection Commission, CCPC. We have a competition issue in the insurance market, which is borne out by profitability and the mismatch between what we are hearing from the industry and the backdrop of claims. The cyclical data over ten years highlight the clear difficulties we have. Is there a competition issue generally and can the CCPC provide information on that? Will the representatives from the CCPC also provide an update on the investigation ongoing regarding Insurance Ireland? There is an allegation regarding Insurance Ireland acting in a cartel-like capacity and I would like an update on that issue.