RSA concerns prompted move by Central Bank

Central Bank proposals for strict new rules on reserving and pricing in the insurance sector are understood to have been prompted by concerns over insurer RSA Ireland.

10th November, 2013

Central Bank proposals for strict new rules on reserving and pricing in the insurance sector are understood to have been prompted by concerns over insurer RSA Ireland.

The insurer, which owns 123.ie in Ireland, suspended three senior management staff last Friday after issues were identified during an internal audit. A statement from the firm stressed that it was business as usual, with no policyholders affected by the matter and no findings made ''against any individuals...

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