[ad_1]
Insurance group OUTsurance has been granted a licence by the Central Bank of Ireland to begin operations here.
The South African company has operated since 1998 and also has operations in Australia under the Youi brand.
The firm plans to launch in Ireland in the first half of the year, focusing on home and motor insurance for consumers.
Jennifer Carroll MacNeill, Minister of State for Financial Services, Credit Unions, and Insurance, welcomed the decision to grant the licence, saying it would increase competition and consumer choice.
She said insurance reforms meant Ireland now offers a more stable and attractive operating environment for international insurers to come here and compete.
“OUTsurance entering the Irish market is good news for Irish consumers,” she said.
“More competition in the Irish insurance market is good for people in Ireland,” she said.
[ad_2]
Source link