Mr. Michael Curtin:

All of the insurers operating in the market are obliged to report to the Central Bank about their income, loss and expenditure. It produces a report on the totality of the market. On the point on personal injury guidelines, CBI tracks the impact of the guidelines. One point in its mid-term report on employer liability and public liability was that only 3% of claims have settled through the guidelines in the litigated channel. That is where all the cost is. The CBI report states that 66% of claims are settled in the litigated channel. That is 86% of the cost. There are also a number of challenges to the veracity of the guidelines. The operating environment is still fluid.