OUTsurance Group Limited (OGL) has announced that its new subsidiary, OUTsurance DAC, has received authorization to operate in Ireland. The Central Bank of Ireland granted approval for OUTsurance DAC to function as a non-life insurer, focusing on the personal car and home insurance markets. The subsidiary is set to commence operations in the first half of 2024. OUTsurance perceives the expansion as a strategic move to diversify its long-term growth and leverage its business model into a new and growing market.
