Michael Finucane (Fine Gael)

The two issues I wish to raise relate to the Department of Enterprise, Trade and Employment, the first of which is the independent report by the Irish Financial Services Regulatory Authority on insurance costs. Any of us would be shocked, given lower insurance and litigation costs, that the Irish motorist is still fleeced. Given that there are only eight insurance companies in the Irish market it is difficult to reconcile the differential between quotes of €1,100 and €6,000. I appreciate the Minister has instructed people to shop around and that is good advice. I ask her also to intervene with the insurance industry to ask them to at least pass on the savings made to the consumer.