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If the reforms for PI is aimed at reducing premiums isn't the most obvious way to do so by imposing a cap on premiums, or a fixed tariff premium? That would reduce it at a stroke - base it on Government research into what is a reasonable rate - insurers can keep their profitability by becoming more efficient, paying less experienced staff or stop spending huge sums on advertising meercats etc - they are after all selling a product that needs no advertising as it is a legal requirement to have it.