Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I am going to come to reinsurance. Mr. Horan should not try to second-guess my question. We know that net incurred claims dropped from 2014 to 2017. I am using that period because it was a period in which motor insurance premiums increased by in excess of 50%. Mr. Horan will argue, as he has done, that he has to include the cost of reinsurance. The difference between written gross premium and net written premium is the issue of reinsurance. Is that correct?