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ARTICLE · 26 DECEMBER 2022

Central Bank Highlights Key Prudential Risks Facing Irish Insurers In 2023

William Fry LLP
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In its final Insurance Newsletter for 2022, the Central Bank of Ireland (Central Bank) published a particularly useful synopsis of the key prudential risks that it has identified during its risk...

IrelandInsurance
Eoin Caulfield
Eoin Caulfield
Ian Murray
Ian Murray
John Larkin
John Larkin
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In its final Insurance Newsletter for 2022, the Central Bank of Ireland (Central Bank) published a particularly useful synopsis of the key prudential risks that it has identified during its risk assessment and scanning process of 2022. The Central Bank confirms that the output from this process will inform its supervisory priorities for 2023. As such, it is important that Irish (re)insurers and their Boards of Directors take heed to ensure that the risks identified by the Central Bank are closely monitored and their potential impact carefully considered as part of their risk management framework in the period ahead.

The Central Bank identified the following key prudential risks:

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