Ireland's Insurance Watchdog Mulls Fix For 'Dual Pricing'

Law360, London (November 17, 2020, 10:26 AM GMT) -- Ireland's financial watchdog said it would carefully weigh the "likely costs and benefits" of a crackdown on so-called differential pricing used by insurers, as it reviews the effects of the practice on competition and prices.

The Central Bank of Ireland said Monday that it was aware that some insurers charged more for customers that were less likely to shop around at renewal than they did for new clients. But it said there were benefits for some consumers under the existing arrangements.

The authority launched a review of differential pricing — also known as dual pricing, or the insurance "loyalty penalty" —...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!