On 12 June 2014, Insurance Ireland issued a press release welcoming the Central Bank's Macro Financial Review (also published on 12 June), which noted the resilience and improvements in the Irish insurance market in the past year. The review notes that, despite weak economic conditions, the stabilisation in the domestic life market during 2013 had continued into Q1 of 2014.  Despite severe wind and flood events in 2013/2014, the insurance market has remained competitive. Insurance Ireland pointed out that the Central Bank's review highlights the positive contribution and impact of the insurance industry in Ireland.