141 results found

On 3 June 2022, the EU adopted the sixth package of restrictive measures against Russia because of the continuing conflict with Ukraine. In unison with the five previous packages adopted in 2022...

The Regulations establish new capital requirements, valuation techniques and governance and reporting standards.

The Insurance Recovery and Resolution Directive introduces a comprehensive framework for managing distressed (re)insurers through resolution planning and intervention powers. This analysis examines the Central Bank of Ireland's role as resolution authority, the assessment of resolvability...

On 13 December 2023, the Central Bank of Ireland (the CBI) published its quarterly Insurance Newsletter for Q4 2023 covering a range of topics of note for Irish (re)insurers (the Newsletter).

The Central Bank of Ireland's Regulatory Supervisory Outlook Report 2024 and accompanying Letter to the Minister for Finance were published on 29 February 2024.

On the 17 December, 2009, the definitive text of the Solvency II Directive (2009/138/EC) was published in the Official Journal.

On 5 October 2023, the European Insurance and Occupational Pensions Authority (EIOPA) published its draft Opinion on the Supervision of Captive Re(insurance) Undertakings (the Draft Opinion).

EIOPA has published Annex II to its Decision on Collaboration Regarding the Transfer of Registered Office of Insurance and Reinsurance Undertakings (Decision), which supplements the 2021 Decision.

On 20 October 2021, the General Scheme of the Insurance (Miscellaneous Provisions) Bill 2021 (General Scheme) was published. The General Scheme will address several insurance-related issues highlighted in the Action Plan...

The era of driverless cars or fully autonomous vehicles ("AVs") is near and will dramatically transform how we drive.

Elizabeth Bothwell and David O'Donohoe of the firm's Insurance and Reinsurance Group have contributed the Ireland chapter to the International Comparative Legal Guide to Insurance and Reinsurance 2018.

The Law Reform Commission has published its long-awaited report on consumer insurance contracts, including a draft Consumer Insurance Contracts Bill 2015.

On 19 July 2022, the European Insurance and Occupational Pensions Authority (EIOPA) published a peer review on outsourcing. The review assessed the overall maturity of the framework...

The Insurance (Disregard of Certain Medical History and Miscellaneous Provisions) Act 2026 introduces sweeping changes to the Central Bank of Ireland's regulatory powers over insurers and reinsurers. Beyond the widely discussed "right to be forgotten" provisions for cancer survivors seeking mortgage protection, the legislation fundamentally expands the grounds on which the Central Bank can petition for winding-up orders and extends these powers to cover reinsurers for the first time.

The new rules will introduce a two tier capital requirement for (re)insurance undertakings which seek to ensure the financial soundness of undertakings and to protect policyholders.

The Act aims to address several insurance-related issues set out in the Action Plan for Insurance Reform which was published by the Department of Finance to reflect the insurance-related...

The European Communities (Reinsurance) Regulations 2006 (the “Reinsurance Regulations” or “Regulations”), which give effect to Directive 2005/68/EC (the “Directive”), came into effect on 15 July 2006.