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This adjustment, the first in over a decade, reflects the ICF's strong financial position and is expected to offer relief to a large cohort of non-life insurance policyholders.

Insurance Quarterly Legal and Regulatory Update for the period 1 July to 30 September 2021...

Under the Act, the court has discretion to make a PPO and must consider the best interests of the claimant having regard to the circumstances of the case before making such an order. Alternatively, the parties may agree their own terms and the court has discretion to grant the PPO on such agreed terms

Combatting greenwashing (i.e. when products or services are not as sustainable as claimed) is a key focus of the Central Bank of Ireland's (CBI) supervisory approach to sustainable finance and addressing climate change.

In several countries in recent years, public and media attention has been focused on the mis-selling of payment protection insurance.

On July 3, 2012, as part of a wider legislative package focusing on consumer protection related issues, the European Commission (the "Commission") announced a proposed reform of the Insurance Mediation Directive (the "IMD").

The Society of Actuaries in Ireland (SAI) and the Reinsurance Advisory Board of Insurance Europe (RAB) have recently published separate responses to the Central Bank of Ireland (CBI) ...

Fraud is costing the Insurance Industry over €200 million per year. The proposed Perjury and Related Offences Bill 2018 is welcome legislation that can assist in combatting false or exaggerated claims.

A number of recent High Court decisions have confirmed that third-party rights against insurers in Ireland are restricted.

A majority of EU Member States apply various indirect taxes or parafiscal charges to cross-border life assurance transactions.

The CBI has published its insurance newsletter for June 2024. The main emphasis of the newsletter was on Natural Catastrophe (NatCat) modelling...

As insurers continue to prepare themselves for the implementation of Solvency II, there has been a significant increase in the number of insurance portfolio transfers between insurance and reinsurance companies under the Assurance Companies Act 1909 and the Insurance Act 1989.

EIOPA publishes second set of Solvency II guidelines and draft ITS