Mr. Brian Hanley:

There are two elements. There is the internal piece in terms of existing insurers moving and increasing the risk appetite for different sectors. I think there is a need for new ways of tracking and identifying who the larger players are so that we can verify whether there is adequate competition in certain markets.

Externally, we need to resource the Office to Promote Competition in the Insurance Market properly so that it can promote Ireland as a destination to come to, and to make sure there are absolutely no problems in accessing the relevant data that insurers need when deciding whether they need to come in. However, this is something that needs to be part of trade missions and so on. Insurance needs to be talked about. Ireland is a place to come and write business.