971 results found

As 29 March 2019 approaches, Matheson's Insurance Team understands that time is at a premium for all our clients.

The Central Bank of Ireland has proposed significant changes to how it calculates and allocates its annual Industry Funding Levy across financial services sectors, with particular implications for insurers and reinsurers. The consultation paper CP172 introduces a shift from PRISM Impact-based methodology to metrics-based ad valorem approaches, fundamentally altering how levy costs are distributed among firms. These changes aim to enhance transparency and predictability while reflecting the Central Bank's ev

Addressed to national competent authorities such as the Central Bank of Ireland, the Opinion's stated objective is to provide guidance on existing insurance sectoral legislation as both...

EIOPA recently published its methodology on Value for Money (VfM) benchmarks in relation to unit-linked (UL) and hybrid insurance products.

On 9 January 2015, the European Parliament published a letter (dated 19 December 2014) from the Chair of its Committee on Economic and Monetary Affairs ("ECON") to the European Commissioner for Financial Stability, Financial Services and Capital Markets Union, on the proposed Delegated Regulation supplementing the Solvency II Directive (2009/138/EC).

The AI Act has introduced a number of obligations for AI systems, and the New Product Liability Directive (the "PLD") will set out liability rules for defective software and, by extension, AI products.

The PRIIPs Regulation sets out rules for the content and format of the KID, with the aim of making it easier for retail investors to understand the key features and risks of retail investment products.

The Digital Operational Resilience Act (DORA) will apply with direct effect in all Member States from 17 January 2025.

The insurer did ultimately provide the assurance sought and in light of that, the High Court declined to order that the Plaintiff should provide security for costs.

On 7 April 2020, the European Insurance and Occupational Pensions Authority ("EIOPA's") released its finalised Opinion on the Supervision of Remuneration Principles in the Insurance and Reinsurance Sector.

It has been revealed that most of the provisions of the Irish Consumer Insurance Contracts Act 2019 will commence in just six weeks. However, some of the most significant changes have been delayed until September 2021.

In its judgment in European Commission v Ireland, the Court of Justice of the European Union (the "ECJ") has ruled that, by failing to apply EU insurance directives to all insurance undertakings on a non-discriminatory basis, Ireland has failed to fulfil its obligations under those directives.

The Irish and the English High Courts have each recently considered the various factors that must be taken into account by a court when asked to sanction the proposed transfer of an insurance portfolio.