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ARTICLE · 10 JULY 2024

FIG Top 5 At 5 - 27/06/2024

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In June 2024, the Central Bank of Ireland ("Central Bank") published its ("Newsletter"). The Newsletter is an important communication tool used by the Central Bank to convey news and insights relevant to the insurance.

IrelandFinance and Banking
Matheson LLP
Matheson LLP
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1. Central Bank of Ireland publishes its Insurance Quarterly Newsletter

In June 2024, the Central Bank of Ireland ("Central Bank") published its ("Newsletter"). The Newsletter is an important communication tool used by the Central Bank to convey news and insights relevant to the insurance sector as well as the Central Bank's expectations and priorities around existing requirements and views on future developments.

Some key highlights from this edition include;

1. Insights into Natural Catastrophe ("NatCat") Modelling

The Central Bank explain that it is working with EIOPA on the topic of NatCat modelling and that it has a particular focus on "monitoring the flood and risk protection gap in Ireland". In accordance with this work, the Central Bank recently completed a Thematic Review of NatCat modelling for its regulated insurance firms. This review contained two phases.

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