Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Yes but we will not see, as Zurich said, a 20% reduction in employer's liability. How we are supposed to know what we should see in terms of reductions? If claims come down by 42% across all settlement avenues, for example, how would we know what savings that provides to a certain company? The only way we are going to know is if the companies do the counterfactual, which is required in Britain, audited by an auditor and present it to the Central Bank. If insurance companies have nothing to hide, then they should be welcoming this. They should be saying that is it no problem, that they are going to pass on the savings euro for euro and that they are happy to give this additional information to the Central Bank. Then, not only will we see the trends in terms of reductions of awards and premiums but we will also see that the companies did not pocket a part of it. We are never going to know otherwise.