It would be extraordinarily wrong if because of a lack of competition between insurance companies ordinary customers were to be forced into having to pay through insurance premiums, the cost of the unwise rush by fund managers connected with the insurance companies into the dotcom boom or whatever boom was current at the time, and which suddenly left a hole in their reserves when the whole thing collapsed. People are now paying huge premiums not because of huge claims but because of poor management of assets by the insurance companies.