Powered by Lexis+®
Jurisdiction(s):
Ireland

Ireland and EU insurance regulation: CBI Consumer Protection Code overhaul, Q4 2024 statistics, NCID liability trends, FSPO complaints rise, EIOPA 100% crypto capital haircut and Solvency II updates (March 2025)

Published on: 01 May 2025

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

Domestic CBI publishes Insurance Quarterly Newsletter—Q1 2025

On 25 March 2025, the Central Bank of Ireland (CBI) issued its Insurance Quarterly Newsletter for Q1 2025 (the newsletter), spotlighting updates, developments and notable forthcoming dates/events for the (re)insurance sector. The newsletter covers a range of matters, including:

  • the release of the CBI’s Regulatory & Supervisory Outlook report
  • the CBI’s refreshed approach to supervision
  • a note that the CBI’s dedicated Fitness and Probity Unit was set up in December 2024
  • the issue of the CBI’s annual report on demographics of the financial sector

The newsletter appears alongside the CBI’s launch of a modernised Consumer Protection Code (the Code) following a comprehensive review of the existing regime (the Consumer Protection Code 2012) and engagement with consumer and industry stakeholders. The Code’s provisions, which take effect from March 2026 after a twelve-month implementation period, set out the business standards that (re)insurers and (re)insurance undertakings must observe when interacting with consumers.

CBI publishes insurance corporations statistics—Q4 2024

The CBI published its insurance corporation statistics for Q4 2024 on 5 March 2025...

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