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Sep 10 2020, 08:20 IST/BST
While the Central Bank of Ireland (CBI) is indicating that differential pricing may not be banned on an outright basis, quantifiable rationale (risk and cost to serve) is required to follow such a strategy under the consumer protection code. In practice, this is likely to result in an alignment in front and back-book pricing, which may lead to some premium pressure. The ultimate winners will be firms with better underwriting practices and more efficient operations.
Sep 10 2020, 08:20 IST/BST