Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

In the context of Brexit - I am sure all of the witnesses' firms have their regulatory status in order and so on - do the witnesses envisage there will be any dislocation in terms of the insurance market here in the event of a no-deal Brexit at the end of October? We have replies to parliamentary questions that show there is a number of firms that have not aligned their regulatory status and, therefore, they will lose the right to passport in the sale of insurance services in the Irish market from 1 November. What is the witnesses' sense of what potentially might happen in a no-deal scenario to the insurance market in Ireland?