Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

That is a good question. There are five entities which have applied for authorisation to operate out of Ireland. My understanding is that two of them are coming in to access the Irish market and three are Brexit-related applications seeking to do European business from here. There are another 15 companies which are looking at Ireland. The Central Bank published information on increased competition coming into the market recently and I met with one of the insurance companies yesterday and was told that another entity had just started to do business here through a broker. We will see competition increase and that will be of benefit. There are currently 41 members of the MIBI and authorised to write business in Ireland.