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ARTICLE · 03 SEPTEMBER 2021

CBI Releases Its Annual Report And Report On Protected Disclosures For 2020

William Fry LLP
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On 2 June 2021, the Central Bank of Ireland (CBI) published its Annual Report 2020 & Annual Performance Statement 2020-2021 (Annual Report), together with its 2020 Report on Protected Disclosures (Disclosures Report).

IrelandInsurance
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On 2 June 2021, the Central Bank of Ireland (CBI) published its Annual Report 2020 & Annual Performance Statement 2020-2021 (Annual Report), together with its 2020 Report on Protected Disclosures (Disclosures Report).

The Annual Report

The Annual Report contains some useful information on the insurance sector in Ireland. It shows that at the end of 2020, there were 3,569 regulated entities across all regulated markets overseen by the CBI, excluding funds. As at December 2020, there were 39 life assurance companies: 91 non-life companies and 59 reinsurance companies. There were also 2,454 registered intermediaries, though the Annual report does not identify how many of those were (re)insurance intermediaries. The Annual Report also notes that in 2019, through the industry levy, the CBI received €41m from (re)insurance companies. Close to €6m was received from intermediaries and debt management firms, but no detail has been provided as to what proportion of this

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