Pre-emptive recovery planning for insurers

Moyagh Murdock of Insurance Ireland believes post-Covid-19 recovery planning is only one aspect of a wider and complicated framework

Moyagh Murdock, chief executive of Insurance Ireland: ‘Consumers and policymakers have long been calling for more competition in the market, so our ambition aligns with theirs.’ Photo: Fergal Phillips

The pandemic has made itself felt in every sector of industry, society and economy, and while the crisis is not over yet, steps are being taken to aid recovery and lead the way to a brighter future.

But last month, the Central Bank of Ireland (CBI) closed a public consultation on “pre-emptive recovery planning for (re)insurers” and indicated that they intend to introduce a mandatory pre-emptive recovery planning framework for insurers on top of the ...