Mr. Brian Hanley:

I am not aware of any particular impediment that is preventing them from reducing premiums while still making a reasonable profit. There are areas where the welcome introduction of NCID reports has provided us with greater transparency around insurers, premiums, volumes of claims, policies held, profits and so on. However, there is a need for even greater transparency from within that tells us on a macro level what, say, 80% of the market insurers are doing. There is a benefit in being able to see how the large individual insurers are treating reserves, remittances and reinsurance over a period of years because they are also important devices that make up the overall package-----