Property and motor insurance achieved high profits last year, but there was still a loss of €56m in liability insurance.

Mike Kemp, chief executive of the Irish Insurance Federation, talks to Ian Guider

Mike, the industry made profit of €217m last year how was this result achieved?

Property and motor insurance achieved high profits last year, but there was still a loss of €56m in liability insurance. I think what happened is the frequency of claims came down last year on the motor side from road safety campaigns and there is anecdotal evidence that court awards also came down due the euro changeover.