Irish supervisor sees insurance pricing as prudential issue

Regulator takes hands-on approach following insurance failures

sylvia-cronin-central-bank-of-ireland-15
CBI's Cronin: supervisor will challenge firms on premiums

The Central Bank of Ireland (CBI) is looking more closely at general insurance pricing as it responds to stiff criticism of its supervision of the industry in recent years – a move that could threaten insurers' autonomy in pricing insurance contracts.

"We will continue to challenge insurers to demonstrate the premiums they charge are commensurate with their expenses and the likely cost of claims," says Sylvia Cronin, head of insurance supervision at the regulator based in Dublin.

The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here