As the Deputy said, premiums in Greece and Britain are only a fraction of what they are here. However, the claims and awards in those countries are only a fraction of what they are here, inevitably one reflects the other and will continue to do so. As far as the opening up of the market is concerned, I understand it will take place at the end of November this year; it will no longer be necessary to be established here. However, as I pointed out to the House, it would be misleading to suggest to the public that that opening up will lead to a dramatic drop in premiums or anything of that kind because, irrespective of where the insurer is, if he is writing business in Ireland his premium rate will be determined by his costs in Ireland. Unfortunately, whether he is Irish based, German based or indeed based anywhere else in the Community, his costs will be higher than they are anywhere in the Community. For that reason, his premiums are likely to be higher. At present 70 per cent of non-life insurance here is written by non-Irish companies so we do not lack foreign investment or competition in the market. I welcome the fact that there will be broader competition from the end of November but, nonetheless, the costs here are so high that it is unlikely that any foreign based insurer will be able to write policies at premium levels which are substantially below existing levels until such time as we get our costs and awards system in line with the rest of Europe.