ARTICLE
18 August 2021

Better Outcomes For Consumers At The Centre Of The Central Bank Of Ireland's Final Report On The Differential Pricing Review

M
Matheson

Contributor

Established in 1825 in Dublin, Ireland and with offices in Cork, London, New York, Palo Alto and San Francisco, more than 700 people work across Matheson’s six offices, including 96 partners and tax principals and over 470 legal and tax professionals. Matheson services the legal needs of internationally focused companies and financial institutions doing business in and from Ireland. Our clients include over half of the world’s 50 largest banks, 6 of the world’s 10 largest asset managers, 7 of the top 10 global technology brands and we have advised the majority of the Fortune 100.
On 21 July 2021, the Central Bank of Ireland published its final report on its Differential Pricing Review with respect to both the private car and home insurance markets.
Ireland Finance and Banking

On 21 July 2021, the Central Bank of Ireland (the "Central Bank") published its final report (the "Final Report") on its Differential Pricing Review (the "Review") with respect to both the private car and home insurance markets. The three stage Review confirmed the Central Bank's concern that differential pricing impacts negatively on certain consumers and leads to outcomes which are inconsistent with the Consumer Protection Code 2012 (the "Code"). In response to these findings, the Central Bank makes a number of proposals to address these impacts through increased requirements to be effected by amendments to the Code.

Read the full document here.

Originally published 27/07/2021

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More