Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

On 3 November the Central Bank published the second motor insurance report of the National Claims Information Database. The report is very clear. It sets out the facts in black and white for anybody to see. In the past decade the cost of claims per policy fell by 9% while the average motor insurance premium increased by 35%. The insurance industry generated a profit of €142 million last year, an operating profit of 10%. What actions will the Minister's Department take on foot of the report's findings? Will the Minister rein in the price-gouging that goes on in the insurance industry once and for all?

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