Central Bank concerned about insurers’ losses

Central Bank concerned about insurers’ losses View Gallery
Central Bank :increasing scrutiny Picture: Feargal Ward

Regulator wary of intense competition between insurers and extensive losses being racked up in the cut-throat sector.

The Central Bank is stepping up its scrutiny of insurance companies as it becomes increasingly alarmed by the losses they are racking up, The Sunday Business Post has learned.

The Central Bank has concerns about a number of issues. It is understood to be wary about the intense competition between insurers, which may be driving down premium prices to levels that may not be viable - particularly on motor insurance rates, where the battle for...

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