Eoghan Murphy (Dublin Bay South, Fine Gael)
Link to this: Individually | In context | Oireachtas source

There are many variables that an insurance company will use in the pricing of an insurance policy. It is very difficult to say to an individual case that his or her premium should have gone down. People can bring up anecdotes - as in the recent Dáil debate - where they know of a person and such and such happened to them. We cannot know fully all the circumstances of why an insurance company might decide to price a risk in the way it has done. I would be amazed if we were to still see the kinds of anecdotal price jumps that we hear of at the moment when there has been absolutely no change in circumstances. It is not always clear to me. When looking at the cases that are brought to me individually, I do not always get all of the information. When I start digging beneath the surface a couple of things come to light which might help to understand why the insurance company has decided to change the risk pricing.