Mr. Declan O'Rourke:

In the past six months, there was quite a bit of anticipation of this and the market has reduced by approximately 8% in that time, which is the largest decrease in motor premiums I have seen in such a short time. Quite a bit of this is already factored in. We need to be careful on the 60% number, although I accept that in the case of minor injuries, there has been a reduction of 60% in general damages on fully recovered whiplash cases. As for the moderate and larger cases, however, the latter will probably not change at all, while the moderate ones are dropping by approximately 20% or 30%.

Over the entirety it will not be anything like 60%.