I just have one more thing to follow up on in terms of risk sharing. With the risk-sharing model, credit unions or small lenders will become a counterparty to the insurers. Given that we are basically local, concentrated in particular markets, my guess is that they'll start tying premiums to what they consider to be their counterparty risk in those regions, which will have to be passed on through higher rates to our members in, say, rural or remote Canada.
On January 30th, 2017. See this statement in context.