Matt Shanahan (Waterford, Independent) | Oireachtas source

That is fine. I am under pressure for time and I thank Ms Murdock for answering that. I have a question about the issue that was highlighted in the submission by Mr. Boland, which is well known within insurance circles. It is where a claim is being brought and the insured person contacts the insurance company basically stating that it is a fraudulent claim for a plethora of reasons, for which there might be some evidence.

The insurance company decides, because it thinks the matter might end up in the courts, to arrive at a settlement and the insured party loses his or her no claims bonus. Such people end up giving that money back to the insurance company over the subsequent three to five years in increased costs. Has Insurance Ireland done a cost-benefit analysis on the basis that if it does not challenge those types of claims or the Law Society of Ireland or legal eagles who propose them, it is simply perpetuating that practice? Has it examined such claims and decided to pick out 20, 30 or 40 of them and go hard at them to seek an order of attachment against the legal representatives who have brought those cases?