Irish motor insurers have not yet suffered dawn raids to uncover evidence of price fixing, despite reports that the Irish Competition Authority planned to swoop in the coming weeks.

Reports said the authority had examined the recently released Motor Insurance Advisory Board report and would raid insurers' offices so evidence of cartels cannot be hidden.

An Irish Insurance Federation spokesman said insurers had "no problem with any form of investigation", but that there had been a plethora of investigations over years, with little result.

"We believed that, while the investigations have been worthwhile, it wouldn't be in the public or insurers' interests to keep investigating without the government acting on the recommendations," he said.