Mr. Brian Hanley:

It is strange, prima facie, that the database all perspective insurers would want to see before making a business decision to join the market is held by an entity whereby the admittance of new entrants would be contrary to the interests of the existing members. That always seemed strange because it is not in the interests, per se, of the members of Insurance Ireland for additional competition to come in and put downward pressure, theoretically, on prices and so on. I always thought it was a strange place for it to be housed. There were some issues a few years back regarding anti-trust concerns. The European Commission was involved, and various assurances and protocols were put in place to ameliorate those. This goes to show that it is not the best place to house that data in the context of it being freely and effectively accessed by potential new insurers interested in coming into the market. It just does not seem like the right place to have it.