Aindrias Moynihan (Cork North West, Fianna Fail) | Oireachtas source

It is positive to note the various meetings with the insurance companies because many people feel that while the Government has taken measures such as the capping of personal injury awards, insurance companies are not passing on the full benefit of that. For example, a young driver, James, taking out his first insurance policy earlier this year received a quote in April, before the cap, and again two months afterwards and bought at the same price, getting no benefit from it. The insurance companies passed on no benefit. Similarly, another person buying van insurance secured only 5% of a drop in the cost of insurance. There is a limited market where one can buy insurance products for vans. It is not clear that insurance companies are giving the full benefit and I want to make sure that they do. What measures are being taken to ensure that they give the full benefit to motorists in reduced premiums?

See this speech in context