Pearse Doherty (Donegal, Sinn Fein)
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I am not disputing that. What I am disputing is that the statistics provided in Insurance Ireland's annual fact file are completely at odds with the statistics provided in the Central Bank report. Legally, companies are required to report accurate, verifiable information to the Central Bank. There is a massive discrepancy in regard to how much of every euro taken in by Insurance Ireland is paid out in claims. Insurance Ireland claims that last year it paid out 71.5 cent of every euro it took in but the Central Bank report indicates that the actual amount paid out is as low as 59 cent. For the previous year, the discrepancy was massive as well, at 82 cent versus 69 cent. Insurance Ireland claimed that in two previous years it was in the mid-90s but it was 84. How could there be such a discrepancy?