Irish insurance market update December 2015

Your summary of accounting, actuarial and regulatory developments

Download our report and find out more about the following topics:


  • Risk Dashboard Published for 2015 Q3
  • EIOPA Chairman set to be extended for a second 5 year term
  • Online survey on the attractiveness of a Pan-European Personal Pension Product (PEPP)

Insurance Ireland

  • Deloitte launches Insurance Ireland Market Intelligence Portal

Solvency II

  • Solvency II enacted into Irish Law
  • EIOPA publishes Taxonomy 2.0.1
  • EIOPA issues the second set of Solvency II Guidelines

Central Bank of Ireland (“CBI”) activity 

  • CBI report increase in non-life claims costs
  • CBI to comply with Set 2 of EIOPA Solvency II Guidelines
  • CBI continues to publish monthly “Solvency II Matters” Newsletter
  • CBI publishes Feedback Statement on Consultation Paper 92
  • Changes to the PRISM Engagement Model

Other Irish News 

  • Appeals Court upholds Russell case award


  • Beps Update
  • Budget 2016/Finance Bill 2015
  • Travel and subsistence expenses – Non Resident Directors
  • Common Reporting Standard – 1 January 2016
  • Employment Taxes- Considerations for year end
  • iXBRL Financial Statements and Detailed Profit & Loss Account - Update

Financial reporting developments 

  • IFRS 4 Update
  • FRC proposes amendments to FRS 101 and FRS 103
  • IFRS in Focus- Closing out 2015


  • The Annual Deloitte Motor Seminar took place on the morning of 19 November in the Conrad Hotel
  • “Considerations for finance teams approaching year end” briefing held on 13 November.
  • Solvency II Breakfast Briefing 3 December
Irish Insurance Update December 2015
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