Powered by Lexis+®
Jurisdiction(s):
Ireland

Irish and EU insurance regulation update - June 2025: CBI Consumer Protection Code rewrite, driver number for motor, integrated supervision; EIOPA digitalisation, biodiversity, IBIPs, Solvency II equivalence

Published on: 31 July 2025

Published by a LexisNexis Ireland - Banking & Financial Services expert
Legal News
Article summary

Domestic CBI publishes Investment Firm and Intermediary Newsletter

The Central Bank of Ireland (CBI) has issued its biannual Investment Firm and Intermediary Newsletter, outlining recent developments relevant to the insurance sector. Highlights include:

  • the rollout of a mandatory ‘driver number’, meaning that from 31 March 2025 every new or renewed motor policy must contain a driver number
  • the CBI’s integrated supervisory framework which, from January 2025, unifies oversight of banking, insurance and capital markets within one cohesive model
  • the CBI’s updated Consumer Protection Code, published in March 2025. The refreshed Code puts customers’ interests at the forefront and strengthens safeguards across multiple areas. The 2012 Consumer Protection Code remains in force until the new Code applies from 24 March 2026

CBI’s Insurance Newsletter—June 2025

The CBI also released its second Insurance Newsletter of the year, signalling several developments for insurers. Notably, the CBI and the European Insurance and Occupational Pensions Authority (EIOPA) are seeking input on various consultations, including the CBI’s paper proposing changes to the Fitness & Probity Regime and EIOPA’s implementation...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow