Nikhil Ravishankar

I mean, internationally...

you know, what they call secondary perils, which simply means, you know, floods and storms to you and me.

If they had a look at that, they'd notice that that was changing and they've reflected that in what we pay and the amount of insurance we get.

It's a constant thing that, just like we do, every year we have to think about the risks that we face, and we factor that into the premiums we ask our customers to pay.

It's the same with reinsurers.

They're looking around the world, they're seeing what's going on, and they'll simply reflect that in their pricing.

It depends on the type of peril you're talking about.

If you're talking about a windstorm or heavy rain, well, that can happen anywhere, right?

So that's difficult to kind of pin that down to an individual property.

From our perspective, from AMI State, NZI, we're here to insure people.

So we're not making any of those kind of blanket decisions about playing out.

We want to be here.

We want to insure people.

That's our business.

Yeah, we're at 3% on the annual figure, so a slight dip down from last quarter.

Yeah, sort of references happier times, I suppose, in the economy and for inflation.

I think there will still be some interest in today's numbers, particularly the core inflation measures.

I mean, they're coming from a position where they're probably already a bit high, and so there'll be attention on what those do.

Oh, that sounds like another bank.

No, we're at September.