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ARTICLE · 13 APRIL 2023

FIG Top 5 At 5 - 23/03/2023

On 21 March 2023, the Central Bank of Ireland ("Central Bank") publishedOpens in new window the latest edition of its Insurance Quarterly Newsletter.

IrelandInsurance

1. Insurance Updates: Central Bank Insurance Quarterly Newsletter and EIOPA Supervisory Statement on unfair 'price walking' practices

Central Bank of Ireland - Insurance Quarterly Newsletter- March 2023

On 21 March 2023, the Central Bank of Ireland ("Central Bank") published the latest edition of its Insurance Quarterly Newsletter.

The Insurance Quarterly Newsletter includes news and insights relevant to the insurance sector and the Central Bank's expectations and priorities around existing requirements and views on future developments.

Some key highlights from this edition include:

  1. Pricing Discipline in General Insurance

The Central Bank highlights that the "changing environment with evolving claim trends, persistent inflationary pressures and shifting consumer behaviour with a challenging economic outline requires strong pricing discipline" and that, in pricing decisions, frameworks "must bring customers front of mind".

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