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Following a thematic inspection of the sale of gadget insurance, the Central Bank has published a letter to industry calling on firms providing non-life insurance products

The Court of Justice of the European Union (CJEU) recently delivered a judgment (available here) in relation to unfair terms in group insurance policies.

The Oireachtas (Irish Houses of Parliament) Joint Committee of Inquiry into the Banking Crisis has published a proposed framework for the inquiry plan, the different phases of the inquiry and draft terms of reference.

As detailed in our previous post (available here), the European Insurance and Occupations Pensions Authority (EIOPA) has now concluded its public consultation...

EIOPA has published a supervisory statement on exclusions related to systemic events such as pandemics, natural catastrophes or large cyber attacks.

The Government has approved the drafting of the Insurance (Amendment) Bill 2017. In a press release issued today the Minister for Finance and Public Expenditure and Reform announced that the Bill...

The Directive on insurance distribution (EU) 2016/97 is designed to improve EU regulation in the insurance market by ensuring a level playing field among all participants that sell insurance products...

On 4 November 2013, the Central Bank published its final Guidelines on Preparing for Solvency II (the "Guidelines"). This follows the European Insurance and Occupational Pensions Authority ("EIOPA")’s publication of their final Guidelines for the Preparation of Solvency II on 27 September 2013. The Central Bank’s Guidelines closely reflect EIOPA’s Guidelines and are linked to the Central Bank’s PRISM risk-based supervisory framework.

On 27 April 2021, the Central Bank published its feedback statement in respect of Consultation Paper 131 "Regulations for preemptive recovery planning for (re)insurers".

The court concluded that to force the plaintiffs to furnish such answers would be an injustice and the whole story would not be told.

Until now, Irish insurance law has largely mirrored English law, as most insurance law was derived from the Marine Insurance Act 1906 and EU legislation

The insurers asked the Court to decline jurisdiction to hear the case in favour of an English court in circumstances where the slip stated that coverage disputes would be governed by the law of England and Wales and conferred jurisdiction on the English courts.

In 2012 the Central Bank of Ireland directed that a widespread review of PPI sales be undertaken, which resulted in refunds of €67.4 million (including interest of €4.9 million) being made to approximately 77,000 policyholders.

The General Scheme of the Civil Liability (Amendment) Bill was published in March 2015.

Last year, the High Court awarded a bank substantial damages against a Dublin law firm for failing to ensure that proper security was in place before releasing loan monies in respect of a number of properties.

The Minister for Justice and Equality has recently published details of a proposed Mediation Bill.

The annual 1 October PII renewal process for solicitors is always frenetic. But this year's renewal season was particularly challenging for a whole host of reasons