Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

It is because of its timely nature and the need for this information that this legislation is stronger than the equivalent across the water, which requires these companies to provide one report by 2023. That would leave too much of a time lag and that is why I am looking for an annual report.

I will turn to consider the NCID and the information with respect to motor insurance, in particular, that will be available to us when it reports. We will see the levels of awards that have been paid and we will see the cost of premiums. There will be no way to look at any of those data and assess whether, euro for euro, the reductions and rewards have been passed on. Is that not the case? For example, the data we will have next year will cover 2021 but they will also cover periods of lockdown when fewer cars were on the road. Premiums should have reduced as claims reduced, even without the Judicial Council Act and a reduction in awards. That is difficult to disentangle. It would be difficult to say what is a result of a particular policy and whether the commitment to pass on the savings, euro for euro, has actually happened.