We have received many submissions from the insurance industry. Contrary to what was outlined to the committee we discovered that enormous profits were being made by the insurance industry. As the Tánaiste is aware competition in the market is very limited. I hope the development of the PIAB will attract insurance companies from the European Union to the relatively small Irish market. The profits made by the companies trading in this market are very large. I hope the Tánaiste will be in a position to outline, although not necessarily this evening, if there is a possibility that large insurance companies in the EU could provide an on-line service to individuals, without the necessity of them having a physical presence in the State, particularly given the cost of public liability insurance to small industries.