Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

That is the model. They charged on that basis because they were of the view that they would have this type of investment income into the future. Quantitative easing came along and basically said that they could not get the 4% return on their Government bonds that they used to get and would get negative rates. This means that insurance companies have lost that portion of their income but earlier this year, the governor of the Central Bank, Philip Lane, told them not to chase risky investments so they are now in a situation where they have to charge insurance premiums at a cost that will cover all the claims and the investment income does not really come into it. Is that not-----