Irish insurance market update January 2014

Your summary of accounting, actuarial and regulatory developments

Greater certainty on the roadmap to the new IFRSs comes with a likely end of IFRS-US GAAP convergence in insurance.

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

Central Bank of Ireland activity

  • Italian withholding tax asset
  • Insurance Statistics 2012
  • Revised Corporate Governance Code for credit institutions and insurance undertakings; and
  • Strengthened resilience test requirements for life undertakings.

Solvency II

  • The Central Bank publishes its final guidelines for the preparation of Solvency II
  • Provisional agreement on Omnibus II Directive
  • Solvency II countdown

EIOPA activity

  • EIOPA publishes report on consumer trends

Deloitte Publications

  • Deloitte releases its consumer survey report

Financial reporting developments

  • Financial Reporting Council issues FRED 49
  • IFRS IV Phase II Developments.


  • Finance (No.2) Act 2013

Other Developments

  • Stormy Christmas for Irish insurers
  • Central Bank fines six insurance intermediaries on professional indemnity insurance breaches
  • Deloitte insurance events
Irish insurance market update January 2014

Previous editions: October 2014

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