Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

May I add to what the Chairman has said? That is one element of the question, but there is also the issue of the odd location where the business seeks the licence. Is that an issue? There are a great many firms that do no insurance business in Ireland but are licensed in Ireland. There are firms that do all their business here but are licensed in places such as Malta. There must be some reason for businesses to do this. Are insurance companies doing this because of the distance between where they conduct their business and the authority whose job it is to license and regulate them, the companies know that it is a bit harder for the regulator to regulate them?