I think most of our members know, our PI scheme is one of the most competitive in the marketplace when comparing premiums and more importantly, when comparing the policy coverage afforded.

As most TripleA members are aware, we go to some lengths to vet new applicants to our PI scheme to maintain our excellent claims history, which in turn helps underpin premium and policy coverage and assists AON with our renewal negotiations. Its testimony, therefore, that for the third year running we can announce yet another modest discount on last year’s base premium. We are certainly appreciative of AON’s efforts on our behalf in achieving this.