Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

I do not want to comment in detail on yesterday’s raids because they form part of an ongoing investigation by European authorities. Nobody in this House wants to say anything that could prejudice that investigation.

However, the whole issue of rising insurance costs is a big one and is severely impacting on individuals, families and businesses. It is not just the rising cost of motor insurance, but also home and business insurance, all of which have gone up considerably in recent years and have had a considerable impact on households and businesses.

Much action has been taken. As the Deputy will be aware, over the past several months, the insurance task force, headed up by the then Minister of State, Deputy Eoghan Murphy, reported and measures have been taken to implement its findings, including a fraud register, changes to the book of quantum and legislation, just approved by the Cabinet, to ensure better use of the Personal Injuries Assessment Board. We are already seeing results. For example, this year so far, insurance costs have moderated and, in some cases, have actually fallen.

See this speech in context