Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 21 APRIL 2023

FIG Top 5 At 5 - 30/03/2023

Matheson
Explore more from Matheson

On 27 March 2023, the Central Bank of Ireland ("Central Bank") published its Opens in new windowFinal Guidance for (Re)Insurance Undertakings on Climate Change RiskOpens in new window ("Guidance").

IrelandInsurance
Matheson LLP
Matheson LLP
Author LinkedIn connections

1. Central Bank of Ireland Guidance for (Re)Insurance Undertakings on Climate Change Risk

On 27 March 2023, the Central Bank of Ireland ("Central Bank") published its Opens in new windowFinal Guidance for (Re)Insurance Undertakings on Climate Change RiskOpens in new window ("Guidance"). The Guidance was accompanied by a Opens in new windowfeedback statement Opens in new window ("Feedback Statement") setting out the Central Bank's views on the submissions received in respect of the August 2022 consultation paperOpens in new window ("CP151") on the draft guidance.

The Guidance is addressed to (re)insurance undertakings authorised by the Central Bank and includes captive (re)insurers and branches of third-country insurance undertakings authorised by the Central Bank. It clarifies the Central Bank's expectations on how (re)insurers address climate change risks in their business and aims to assist them in developing their governance and risk management frameworks to

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.

View source

Related Articles

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

Read more about

Related Comparative Guides

See more popular content from

Article

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
William Fry LLP
Article

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
William Fry LLP
Article

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
Dillon Eustace
Dillon Eustace
Article

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
William Fry LLP