Ms Kate Tobin:

We have made changes to our business interruption policy wording following the advent of Covid-19.

The primary purpose of the business interruption coverage on policies is related to damage, including property damage, and covering losses for the customer in respect of restoration of their businesses following damage. What we have sought to do through the changes we have made to the wording has been twofold. The first was to clarify the situation in respect of Covid-19. The second was in response to the fact that we purchase reinsurance ourselves and in response to a limitation that was put on our reinsurance coverage.

I am not sure I fully understand the Chairman's second question but it probably relates to the renewal of policies where there was business interruption during 2020. Those policies, when they renew, will not confer the same coverage as before by virtue of the wording change but they would have the benefit of the coverage as per the original contract up until renewal.