Mr. Raymond O'Rourke:

What I would ask is whether one sector of the insurance industry is cross-subsidising the other, and whether Insurance Ireland had any evidence of this. One of the views in the past was that motor insurers were not making any profit and that was why premiums had to be high - because it was basically a dead-end business for them. I do not think that is the case, but I would ask where the insurers look at motor insurance in terms of their overall business and, if they are making a particular level of profit, whether that subsidises house insurance, liability insurance or whatever. There is a lot of that with insurance companies, and that is what we do not see.