FIG Top 5 At 5 - 14/09/2023

1. Motor Insurance Updates

Department of Transport updates MIBI on its plans to implement the 6^th Motor Insurance Directive

The 6^th Motor Insurance Directive ("Directive") EU 2021/2118 was published in the Official Journal of the European Union ("EU") on 2 December 2021 and came into effect 20 days thereafter. Pursuant to the Directive, Member States have 24 months to transpose it into national law. As a result, the necessary changes to Irish legislation must be made by 22 December 2023. The Department of Transport ("DOT") recently indicated to the Motor Insurers' Bureau of Ireland ("MIBI") that it intends to use a statutory instrument ("SI") to amend the respective sections of the Road Traffic legislation ("RTA"), to transpose the Directive, which will ensure that the December deadline is met. The DOT has sent a letter to MIBI which it requested be sent to all of its' members.