Irish insurance market update May 2015

Your summary of accounting, actuarial and regulatory developments

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

Central Bank of Ireland activity

  • Central Bank publishes “Solvency II Matters” newsletter.
  • Central Bank publishes Solvency II Information Note
  • Central Bank publishes FAQ responses in respect of the Reserving Requirements for Non-Life Insurers and for Non-Life and Life Reinsurers
  • Central Bank publishes Enforcement Priorities for 2015
  • Central Bank issues feedback to industry on FLAOR review
  • Central Bank publishes a Consultation Paper on the Domestic Actuarial Regime and Related Governance Requirements under Solvency II

Solvency II

  • Solvency II Delegated Regulation comes into force
  • EIOPA Publishes 1st Set of Solvency II Guidelines and Outcomes of Public Consultations
  • EIOPA publishes the Final Reports on Equivalence Assessments of Japan, Bermuda and Switzerland
  • EIOPA publishes Final Report on its public consultation on Recovery Plan, Finance Scheme and Supervisory Powers in Deteriorating Financial Conditions

Insurance Ireland

  • Insurance Ireland publishes Annual Report
  • Insurance Ireland publishes Fact File 2013


  • VAT Update – European Court of Justice Ruling to Impact on Group VAT Costs
  • BEPS Project: Update
  • iXBRL Update
  • Other Revenue pronouncements in brief
  • New Financial Reporting Framework – Tax Considerations
  • FATCA Reminder

Financial reporting developments

  • IFRS 4 Update
  • Companies Act 2014
Irish Insurance update May 2015
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