Jennifer Carroll MacNeill (Dún Laoghaire, Fine Gael) | Oireachtas source

I reiterate the statistics I have mentioned. The price of motor insurance has fallen 9.1% in a year while inflation has been rising. I know the Deputy does not accept that and that he does not accept the CSO data but those are the data available and those are the statistics we have. I have seen it in my own insurance premium and in those of my constituents. These are the figures. They are 43% lower. However, the Deputy is quite right to highlight the current inflationary environment and the difficulties being experienced. Although premiums have fallen at a time of rising inflation, we have inflation in the price of labour and materials. I worry these increases will have material impacts on premiums. We have to monitor that very closely and take every step we can to ensure that inflation is reduced in every possible way and by every metric. This feeds into everything and it is very important to highlight it. I do not agree that the Deputy's Private Member's Bill would provide additional transparency. It fails to take into account the essential role of the national claims information database and the work it does.

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