I hope this Bill achieves its purpose. I hope it will lead to a reduction in the cost of delivering compensation to claimants and that this in turn will lead to cheaper insurance. It is important that we have ambitious expectations for the PIAB, but that the introduction of this Bill should not be the sum of our efforts to control the cost of insurance. We must continue our focus on every other area that contributes to high insurance costs. We must tackle fraud, reform court procedures, prevent any further mergers between insurance companies in Ireland, attract new entrants to the State and ensure the market is competitive and customer focused.