Mr. Brian Hanley:

There is a point to be made on the whole area of competition. The Minister of State, Deputy Carroll MacNeill, chairs an insurance competition group. More could be done from that office. We are seeing some possible new entrants in motor insurance but nothing as yet in the area of liability. One of the things that might be beneficial is rather than sending out a report at the beginning of every year saying what we hope to or would like to see, we could get some KPIs arising from that particular office and its work every year so it is more accountable to Members of the Houses and members of the public. If competition is as important an issue as we all know and believe it to be, it would be well worthwhile seeing something more tangible and measurable arising from that. I will take the opportunity to say that I am very thankful to the committee for its interest in this. Now that it is seised of this issue, I hope it will keep it up and that we will not leave it too long before we meet again and see what progress has been made.