Irish insurance market update October 2014

Your summary of accounting, actuarial and regulatory developments

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

Central Bank of Ireland activity

  • Changes to Fitness and Probity Regime
  • Central Bank publishes Reserving Requirements for Non-Life Insurers and Non-Life and Life Reinsurers
  • Central Bank Guidelines on Preparing for Solvency II – Q&A 
  • Central Bank publishes an article on Reinsurance in Ireland
  • FLAOR Reporting Tool for Medium-Low and Low impact (re)insurance undertakings

Solvency II

  • EIOPA launches consultation on the first Set of Guidelines for Solvency II 
  • EIOPA publishes underlying assumptions in the standard formula
  • Omnibus II Directive Published in Official Journal
  • Solvency II Technical Specifications for the preparatory phase and Q&As

Financial reporting developments

  • IFRS 4 update
  • New Irish Gaap


  • Budget 2015 and Finance Bill 2014
  • Irish Revenue Rrelease Statement of Practice on Foreign Branch Double Taxation Relief
  • VAT Update – European Court of Justice Ruling to Impact of Group VAT Costs
  • Irish Revenue Rrelease Guidance Notes on the application of FATCA in Ireland
  • The BEPS Project – OECD Rreleases Reports


  • Annual Financial Reporting Seminar
  • Motor Insurance Seminar
Irish Insurance market update October 2014
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