Mr. Philip Bradley:

There are many constituent parts of premiums. For instance, because vehicles are getting more expensive, the current cost of damage claims is increasing to between 8% and 10% per annum. In terms of the cost of very serious injury claims where there is a lot of medical inflation and cost of care, we have 60 claims of more than €500,000, with more than €100 million of estimates. The cost of those claims are increasing. If the cost of any new claims comes down, then premiums costs will come down accordingly.