A new report from the Central Bank has found that a majority of insurers are using a controversial practice known as differential pricing when it comes to calculating how much customers' premiums should be.

These techniques are leading to customers with similar risk and cost of service profiles paying different premiums for reasons other than risk and cost of service.

This means that loyal customers are likely to pay more for their insurance than those who move to another provider.

To discuss this we were joined by Sean Fleming, Fianna Fáil TD and Minister of State with responsibility for Financial Services, Credit Unions and Insurance, and Ged Nash, Labour Party Spokesperson on Finance, Public Expenditure and Reform.