Insurance companies are still using dual pricing despite denials by firms

Central Bank confirms customers with the same risk are charged different premiums

The Central Bank said techniques such as price elasticity and retention/lapse modelling are used to offer different prices. File Picture: Jason Alden/Bloomberg

The Central Bank said the majority of insurance companies in Ireland operate dual pricing despite claims by companies that they do not.

A review of Differential Pricing has been carried out by the Bank into the motor and home insurance markets over concerns that customers with the same risk and cost are charged different premiums