Thank you very much.
I would note that, as an insurance industry, we are very heavily regulated, not only on the federal front but also provincially. Provincially, the regulator tells us what we can sell, how we can sell it, who we can sell it to and for how much.
One rule in place in Ontario and Alberta is a take-all-comers rule or adverse contractual action rule. That means we have to quote every single customer for auto insurance. If you have a high-risk vehicle in the U.K., the insurer might be able to say, “I'm sorry, but no, we're not going to insure you anymore.” In Ontario and Alberta, we are legally mandated to do so.
Individual insurers are working closely with the regulator to send out price signals and push for new rules. However, under law, we're not able to take advantage of that tool, unfortunately.