Pádraig O'Sullivan (Cork North Central, Fianna Fail) | Oireachtas source

It is great that existing insurers are willing to take greater risks and broaden the number of products they are offering people. That will be most welcome.

I read an article by Charlie Weston yesterday in which it was stated there has been a 35% decrease in the number of claims and the average award is down by 41%. Most of these major reforms were at the request of the industry. I recall members of the industry attending meetings of various Oireachtas committees and the quid pro quo was that if the Government implemented many of these reforms, prices would come down. Unfortunately, premiums continue to grow in a number of sectors. Now that those reforms have been introduced, when will premiums decrease significantly? If they do not, what steps is the Government going to take to ensure they do?

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