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ARTICLE · 06 OCTOBER 2023

FIG Top 5 At 5 - 28/09/2023

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On 25 September 2023, the Central Bank of Ireland ("Central Bank") published the latest edition of its quarterly Insurance Newsletter ("Newsletter"). The Insurance Quarterly Newsletter...

IrelandFinance and Banking
Matheson LLP
Matheson LLP
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1. Central Bank of Ireland Insurance Quarterly Newsletter- September 2023

On 25 September 2023, the Central Bank of Ireland ("Central Bank") published the latest edition of its quarterly Insurance Newsletter ("Newsletter"). The Insurance Quarterly 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:

Reflections on Reserving

The Central Bank explains that against the background of market uncertainty, robust and well-governed processes and practices are the key foundation for reserving exercises. As a result, as part of its ongoing supervisory activities, the Central Bank has placed heightened focus on reserving practices which has identified a number of areas for monitoring and improvement. These include:

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