{"id":739849,"date":"2024-01-02T09:31:11","date_gmt":"2024-01-02T07:31:11","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=739849"},"modified":"2024-05-10T17:36:33","modified_gmt":"2024-05-10T15:36:33","slug":"outsurance-gets-the-go-ahead-from-ireland","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/739849\/outsurance-gets-the-go-ahead-from-ireland\/","title":{"rendered":"OUTsurance gets the go-ahead from Ireland"},"content":{"rendered":"\n<p>OUTsurance Group Limited (OGL) says its new subsidiary, <a href=\"https:\/\/www.outsurance.ie\/\" data-type=\"link\" data-id=\"https:\/\/www.outsurance.ie\/\" target=\"_blank\" rel=\"noreferrer noopener\">OUTsurance DAC<\/a>, has received authorisation to operate in the Republic of Ireland.<\/p>\n\n\n\n<p>The subsidiary got the green light from the Central Bank of Ireland to operate as a non-life insurer, working in the personal car and home insurance markets. <\/p>\n\n\n\n<p>&#8220;OUTsurance DAC is expected to <strong>commence operations in the first half of 2024<\/strong>,&#8221; the group said. <\/p>\n\n\n\n<p>&#8220;The authorisation process with the Central Bank of Ireland was highly efficient and has been achieved in line with the expected timelines.&#8221;<\/p>\n\n\n\n<p>The group previously said that expansion into the Irish market allows it to diversify its long-term growth and leverage a business model into a new and growing market.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/businesstech.co.za\/news\/business\/739091\/50-full-time-positions-amazon-is-looking-to-fill-in-south-africa\/\" target=\"_blank\" rel=\"noreferrer noopener\">50 full-time positions Amazon is looking to fill in South Africa<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OUTsurance&#8217;s new subsidiary has received regulatory approval. <\/p>\n","protected":false},"author":95,"featured_media":715980,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[26,9653],"class_list":["post-739849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline","tag-outsurance"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/739849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=739849"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/739849\/revisions"}],"predecessor-version":[{"id":771518,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/739849\/revisions\/771518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/715980"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=739849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=739849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=739849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}