Ms Moyagh Murdock:

Prices may have gone up but that is on the back of a massively loss-making market where we were seeing exits from the market as firms went insolvent. Under the rules of the Central Bank, solvency is a massive issue for firms. They must be viable. The industry has called for certainty and stability. That is how we can provide more competition and attract more insurers into the market. Insurers have not come into this market. Is it that they do not want to make money? There are other reasons they are not coming to do business in Ireland. The same operators and firms do business in the rest of Europe. Ireland is not an attractive place in which to do public liability and employer liability insurance because of the risk. The risk needs to be addressed through the duty of care and the powers PIAB has to address cases when they arise. That will change the environment.