It also requires those intermediating between some of these firms and Irish consumers to take more responsibility for assessing the financial soundness and resilience of the underlying insurer. The actions from the Cost of Insurance Working Group4 are focused on addressing some of the underlying factors contributing to insurance costs being higher in Ireland than many other EU countries.
*  *  *  Ladies and gentlemen, I am delighted to welcome you all to Seoul, for the Bank of Korea-IMF OAP Joint Conference.