Mr. Kevin Thompson:

To provide some context in terms of the moneys we are talking about, the industry has paid out over €1.3 billion in respect of severe weather events, the majority of which have related to flooding. That provides the context of the quantum of numbers we are talking about and the premiums we must collect to meet those demands. As I mentioned in my opening statement and in response to Deputy Michael McGrath, the challenge here is that, in terms of flood insurance, the probability is low but once it happens, the impact is high. The financial impact can be very high. That is how insurers have to price accordingly, particularly for areas that are more exposed to this type of peril. That is the quantum of money we are talking about - over €1.3 billion in claims.