On 10 February 2015, CBI published an Economic Letter on mortgage insurance (MI) in an Irish context.  The Letter includes: (a) an overview of the features of MI; (b) related regulatory considerations; and (c) commentary on MI's use in other countries.  It also sets out issues for consideration regarding the use of MI in the Irish market.  Notably, the Letter acknowledges that MI can support a well-functioning mortgage market.  However, amongst other matters, it points out that rather than reducing risk of systemic crisis, MI only moves this risk from lenders to insurers and, further, inherent conflicts of interest in the payment structure of MI products make it important to ensure clear and transparent pricing and the ability for the mortgagor to choose the provider.