On 28 July 2014, the Central Bank published its quarterly bulletin for Q3 2014 which included a signed article titled 'Reinsurance in Ireland: Development and Issues', written by two economists in the statistics division of the Central Bank. The article looks at the factors which encourage reinsurance companies to locate in Ireland and examines the contribution of the industry to the Irish economy. The article covers the potential implications on the industry from the introduction of Solvency II, noting that the focus on insurance companies’ risk management techniques may result in a greater demand for reinsurance cover. Key findings of the research include (a) that Ireland is developing as a global centre for reinsurance services and during 2012, had the second-highest number of reinsurance companies in Europe and (b) that the number of employees in the industry is low, with just over 400 employees in Ireland in 2011.