Central Bank: Major plan to identify flood protection gap in Ireland

The Central Bank is to undertake a major assessment of Ireland’s flood protection gap as both policyholders and the insurance industry grapple with the growing impact of climate change.

The regulator, which oversees the insurance market here, has said that flooding is one of the most pressing challenges facing the insurance industry and is only set to worsen significantly in the years ahead.

In a recently published document, the Central Bank also warned that a ...