While I presently have no statutory responsibilities in relation to the determination of VHI premium increases it is the convention that such increases are determined by the VHI Board following consultation with the Minister for Health. Proposals by VHI for increases in premia are carefully considered in the context of the need to ensure the solvency of VHI and its ability to continue to provide an adequate range of insurance cover to its subscribers. In this regard I must consider the solvency requirements which apply to insurance companies as part of the EU Single Market in non-life insurance. Regard must also be had to ensuring that VHI has sufficient resources at its disposal to offer a comprehensive range of products which meet the needs of subscribers.