A quarter of insurance firms have considered exiting the Irish market, industry group survey shows

[WizardDr]

“The Milliman report clearly points to a need to address some key aspects of Ireland’s overall offering as a location for international insurers, the most challenging of these being the regulatory burden, availability of talent and the overall cost of doing business,” according to Insurance Ireland chief executive Moynagh Murdock.

A quarter of insurance firms have considered exiting the Irish market, industry group survey shows

Ireland’s attractiveness for international insurance and reinsurance firms has declined due to the regulatory burden and a tight labour market, according to the results of an industry survey published today.

www.independent.ie

Nothing to do with us says Central Bank.

 

[Itchy]

“The Milliman report clearly points to a need to address some key aspects of Ireland’s overall offering as a location for international insurers, the most challenging of these being the regulatory burden, availability of talent and the overall cost of doing business,” according to Insurance Ireland chief executive Moynagh Murdock.

Moyagh Murdock was the business show with Joe Lynam. She specifically stated that this was in large part due to the Individual Accountability Regime being introduced by the Central Bank. As a consumer of Financial Services, I am glad that the companies now have skin in the game!