The statistical evidence available shows that a large number of claims will be kept out of the courts system as a result of the PIAB. This will result in a much faster and more efficient system that will cut the cost of delivering compensation to the benefit of all consumers. Statistics show also that litigation adds in excess of 40% to the cost of compensation and that this has contributed to the high cost of insurance claims. It is fair to conclude that by eliminating the need for litigation costs, where legal issues are not in dispute, the PIAB will significantly reduce the cost of delivering compensation despite the views of certain elements within the Law Library. The PIAB will offer faster assessment to the benefit of genuine claimants. Independent research has shown that claimants in Ireland wait up to six times longer to commence settlement of claims than our counterparts in the UK. I welcome the process undertaken by the interim board to prepare the book of quantum. It is getting the work done and when legislation is enacted, as the Tánaiste committed here this evening, that board will be in a position to move forward and settle claims where legal liability issues are not disputed.