Joan Burton (Dublin West, Labour) | Oireachtas source

Deputy Michael McGrath needs to talk to some of the women in his life who will tell him about it. Let me tell him: it is a very sore point.

The Deputy is saying the insurance companies are overcharging for motor insurance cover and that he wants to see motor insurance premiums come down. I have no difficulty in agreeing with him. He is his party's finance spokesperson. We provided for regulation, both prudential regulation and the regulation of the insurance industry, including motor insurance, within the Central Bank. At the last count, it was employing in or around 1,400 people, or it proposes to employ that number. Let us be reasonable about this. Some very fine studies have been carried out by the bands of economists who work on our behalf in the Central Bank. It is possible to arrange to have a study carried out to find out what the issues for the motor insurance industry are-----

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