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Article and Insights
Withdrawal of the UK from the European Union (Consequential Provisions) Bill 2020 – Insurance Related Update
The Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Bill 2020 is progressing through the legislative process an...
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Article and Insights
The Insurability of Business Interruption Risk in light of Pandemics
EIOPA published a staff paper on measures to improve the insurability of business interruption risk in light of pandemics.
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Article and Insights
The Impact of the Senior Executive Accountability Regime on the Insurance Industry
In this article, we highlight the envisaged impact of the proposed Senior Executive Accountability Regime on the Insurance Industry.
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Article and Insights
The European Commission Proposes a Digital Operational Resilience Act for the Financial Services Sector
The European Commission has recently published proposals for a new EU regulation for digital operational resilience for the financial services sect...
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Article and Insights
New Brexit Omnibus Bill Proposes a Run-off Period of up to 15 years for UK and Gibraltar Insurers or Insurance Intermediaries
The General Scheme of the Withdrawal of the UK from the European Union (Consequential Provisions) Bill 2020 proposes a run-off period of up to 15 y...
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Article and Insights
Insurance Industry Faces Emerging Litigation Threat
The insurance industry is facing increased uncertainty and risk arising from COVID-19. We explore the increased likelihood of claims and potential ...
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Article and Insights
EIOPA’s Single Programming Document 2021-2023
In this article we consider EIOPA's Single Programming Document 2021-2023 which includes EIOPA's Annual Work Programme 2021.
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Article and Insights
EIOPA defines its Supervisory Convergence Priorities for 2021
EIOPA published its Supervisory Convergence Priorities Plan for 2021. EIOPA identifies three new priorities for 2021 and plans to continue working ...
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Article and Insights
Consumer Insurance Contracts Act 2019 – the Funeral Bell for Existing Duty of Disclosure?
In this article we discuss a recently decided High Court case on the duty to disclose material facts in insurance contracts and potential changes t...
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Article and Insights
Brexit Update: European Commission issues Readiness Notice to (Re)Insurance Stakeholders
The European Commission has published an updated readiness notice to stakeholders regarding the implications of the withdrawal of the UK in the are...
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Article and Insights
(Re)insurance – Regulatory Initiatives and Sustainable Finance
(Re)insurers must prepare for key changes arising through European Union initiatives on sustainable finance, including climate change and Environme...
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Article and Insights
Deputy Governor outlines 2021 Priorities and Expectations of the Central Bank of Ireland
We briefly consider the key topics covered in the 'Governance and risk in a time of uncertainty and change' speech delivered by Deputy Governor of ...
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Article and Insights
The New Programme for Government – a Significant Insurance Reform Agenda
In this article we consider the new Programme for Government which contains significant Insurance Reform proposals.
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Article and Insights
COVID-19: Insurance Considerations – Regulatory Pronouncements
As businesses assess the impact of COVID-19, and insurers consider policy wordings in the context of meeting claims, the Central Bank of Ireland ha...
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Article and Insights
How do the EIOPA Guidelines on Cloud Outsourcing Impact Insurers and Reinsurers?
How do the EIOPA Guidelines on Cloud Outsourcing Impact Insurers and Reinsurers?
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Article and Insights
EIOPA Raises Prospect of European Pandemic Insurance Scheme
In a recent interview, EIOPA chair declares that EU has key role in pandemic insurance to protect businesses in future outbreaks.
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Article and Insights
European Regulatory Regime for Credit Rating Agencies in respect of Insurance and Reinsurance and the Impact of COVID-19
Credit rating agencies have an important role in supplying commentary regarding the credit ramifications of COVID-19. In this article, we examine h...
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Article and Insights
Publication of New Capital Markets Union Action Plan
The European Commission's recent publication of its “new, ambitious” Capital Markets Union Action Plan is welcome news for the Irish insurance sector.