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CBI and EIOPA insurance updates—May 2025: Irish motor premium trends, revised General Good Requirements, sector statistics; EU generative AI survey, natural catastrophe IPID findings, Solvency II information.

Published on: 30 June 2025

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

The CBI publishes Private Motor Insurance Report of the National Claims Information Database

On 7 May 2025, the Central Bank of Ireland (CBI) released its 2025 mid-year private motor premium report. Private motor insurance was the first line of business captured in the National Claims Information Database, created to hold aggregated claims data and enhance openness around the cost of claims. Drawing on information up to and including the first half of 2024, the publication sets out key insights and developing patterns in private motor premiums. Data indicate the average premium increased by 9% in the first six months of 2024 versus the same period in 2023, with the typical premium for that timeframe at €616. Policies with comprehensive cover continue to rise as a share of the market, representing 93% of all policies. While average premiums remain below the 2018 peak of €702, the price of private motor insurance has been climbing steadily since 2022...

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