Extensive studies have been done over several years of the cost of insurance here, notably that done recently by the Motor Insurance Advisory Board, report of which was published in April last year. There is general acceptance of the analysis, conclusions and recommendations contained in the report. Following its publication, a high level implementation group was set up and mandated to draw up an action plan for the implementation of the 67 recommendations contained in it. It is the most comprehensive study and analysis of the motor insurance industry ever undertaken and provides a sound basis for addressing the problems we are experiencing in the industry. The analysis, conclusions and recommendations extend to other areas of liability insurance also. The report contains 67 recommendations covering a broad spectrum of activities which impact on the insurance market.