...We also commented on the topic in our Q1 '24 report, stating that staying ahead of claims inflation is key to maintaining good profitability and it has high priority in the [NCD]. NCD vigilantly monitor developments in the relevant markets and will continue to put through necessary price increases. Despite and natural inherent volatility in claims the recent increase in claims frequency for several product lines is being closely monitored. NCD will continue to strengthen pricing measures and adjust terms and conditions to ensure that the increase in claims frequency is mitigated over time. So, moving on to solvency, as a reminder, includes a general explanation of the main drivers of changes in eligible own funds and capital requirement. These are the same explanations you have seen in our reminder, over several quarters, so we won't go through them here now. In terms of the investment portfolio, you will find the same general explanations as you have seen for quite some time. As always,...
