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It seems to me to be a legitimate business strategy to underwrite private car insurance and to model and project all sources of available revenue and cost in order to derive an overall profit. If ancillary revenues are generated in a compliant manner they are of course legitimate revenue streams. The real issue here is whether, in the current environment, insurers continue to maintain and develop true, traditional underwriting skills. I would suggest they do. Even if the pure underwriting result is negative, it must be achieved in a deliberate, calculated and controlled manner if those additional revenues are to exceed the underwriting loss. If the FCA focus on ancillary revenues results in a reduction in the income stream currently generated, insurers will merely adjust their risk premium levels to compensate. In aggregate the insuring public will not pay less as a result of such FCA activity; the composition of the payment made will simply be adjusted. Motor insurers' ability to underwrite and price risks has certainly not diminished in recent years.