ARTICLE · 05 FEBRUARY 2025

FIG Top 5 At 5 - 23/01/2025

Matheson

Explore more from Matheson

On 9 January 2025, the Central Bank of Ireland ("Central Bank") announced details of the seven participants in its inaugural innovation sandbox programme ("Programme").

GlobalInsurance

Gráinne Callanan

Caroline Kearns

Niamh Mulholland

Claire Scannell

Author LinkedIn connections

1. Central Bank announces participants in the inaugural innovation sandbox programme

On 9 January 2025, the Central Bank of Ireland ("Central Bank") announced details of the seven participants in its inaugural innovation sandbox programme ("Programme").

The Central Bank first announced its intention to establish the Programme in June 2024, with a call for applicants announced in October 2024. For more information, please see FIG Top 5 at 5 dated 6 June 2024 and FIG Top 5 at 5 dated 3 October 2024, respectively.

The theme of the Programme is "Combatting Financial Crime" with the aim of employing innovative technology to develop innovative solutions to minimise fraud, enhance KYC / AML / CFT frameworks and improve transaction security for consumers.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Related Articles

Irish Insurance Levy Reduced To 0%

IrelandInsurance

William Fry LLP

Solvency II Reform: Key Changes

IrelandInsurance

William Fry LLP

New Motor Insurance Requirements For Irish Insurers

European UnionInsurance

William Fry LLP

New Statutory “Right To Be Forgotten” For Mortgage Protection Insurance

IrelandInsurance

William Fry LLP

New Winding-Up Powers For The Central Bank Of Ireland: What Irish (Re)Insurers Need To Know

IrelandInsurance

William Fry LLP

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

Comparative Guide

Insurance & Reinsurance

See more popular content from

Insurance

Central Bank Publishes First Intermediary Newsletter Of 2026

The Central Bank of Ireland has published its first Investment Firm and Intermediary Newsletter for 2026, revealing critical regulatory updates and supervisory priorities for Irish (re)insurance intermediaries. The newsletter addresses sector mapping initiatives, commission disclosure practices, complaints handling procedures, and significant changes to intermediary authorisation requirements that firms must navigate.

IrelandInsurance

William Fry LLP

New Statutory “Right To Be Forgotten” For Mortgage Protection Insurance

The key provisions introducing Ireland’s statutory “right to be forgotten” regime for cancer survivors are due to come into operation on 15 October 2026, following the making of the relevant commencement order by the Irish Government.

IrelandInsurance

William Fry LLP

(Re)Insurers In Distress: The EU Insurance Recovery And Resolution Directive

A ‘resolution stay recognition clause’ in a relevant financial contract governed by the law of a third-country if the contract either creates a new obligation or materially amends an existing obligation...

IrelandInsurance

McCann FitzGerald LLP

Solvency II Reform: Key Changes

The Solvency II Directive has undergone comprehensive reform through Directive EU 2025/2, introducing significant changes across capital requirements, reporting obligations, and supervisory frameworks. These amendments shift the regime toward a more proportionate and risk-sensitive approach while maintaining policyholder protection. With Member States required to transpose these changes by January 2027, insurers and reinsurers must prepare for new rules on proportionality, enhanced governance requirements,

IrelandInsurance

William Fry LLP

New Motor Insurance Requirements For Irish Insurers

The European Union (Motor Insurance) (Amendment) Regulations 2026 introduce significant changes to motor insurance requirements in Ireland, expanding claims-history statement obligations and establishing new non-discrimination measures for policyholders moving between EU Member States. Vehicle insurers must now navigate enhanced transparency requirements, standardised claims documentation...

European UnionInsurance

William Fry LLP

FSPO Publishes Overview Of Complaints Made In 2025

In 2025, the FSPO received a record 7,004 complaints, an increase of 13% on 2024. Of these complaints, 6,282 were closed during the year, representing a 6% increase from 2024.

IrelandInsurance

William Fry LLP

Insurance Quarterly Legal And Regulatory Update: 1 January 2026 – 31 March 2026

This quarterly update examines critical regulatory developments affecting the insurance sector from October to December 2025, including ESG stress testing guidelines, private equity supervision frameworks, and the advancement of the Savings and Investments Union. The document analyzes EIOPA's strategic priorities through 2030, implementation of the Insurance Recovery and Resolution Directive, and evolving AML/CFT requirements under the new AMLA framework.

IrelandInsurance

Warranty And Indemnity Insurance: A Strategic Tool In Irish M&A

Warranty and indemnity insurance has evolved from a niche product to a standard feature in Irish M&A transactions, fundamentally changing how parties allocate risk in private deals. As insurers expand coverage into emerging areas like cyber risk and ESG disclosures, understanding how this insurance works and when to deploy it has become essential for both buyers and sellers navigating competitive deal processes.

IrelandInsurance

William Fry LLP

Irish Commercial Court: Facilitating Efficient And Effective Access To Justice

In this article Rachel and Fiona give an overview of the Irish Commercial Court and how it facilitates efficient and effective access to justice.

IrelandInsurance

Insurance Quarterly Legal And Regulatory Update: 1 April 2026 - 30 June 2026

On 30 March 2026, EIOPA published a final report on a draft implementing technical standards (ITS) and guidelines on supervisory reporting and public disclosure supplementing the Solvency II Directive.

IrelandInsurance