European Union: Insurance

The Insurance Recovery and Resolution Directive introduces a comprehensive framework for managing distressed (re)insurers through resolution planning and intervention powers. This analysis examines the Central Bank of Ireland's role as resolution authority, the assessment of resolvability...

The Insurance Recovery and Resolution Directive (IRRD), published in January 2025, introduces a harmonised EU-wide framework for pre-emptive recovery planning and resolution planning for (re)insurers.

Ten years after the introduction of Solvency II, Malta’s captive insurance market has evolved into a robust and credible European domicile, blending regulatory rigor with operational agility.

The European Union introduces comprehensive new regulations for distance contracts in financial services, strengthening consumer protections for online and phone-based purchases. Meanwhile, AMLA advances anti-money laundering cooperation with consultations on standardized reporting formats and cross-border information sharing, while EIOPA proposes significant changes to insurance taxonomy disclosures and value-for-money benchmarks.

The launch of this consultation forms part of the Central Bank’s efforts to improve the efficacy and efficiency of its regulatory activities. It builds on the Central Bank’s recently published ‘Our Approach...

In 2025, the FSPO received a record 7,004 complaints, an increase of 13% on 2024. Of these complaints, 6,282 were closed during the year, representing a 6% increase from 2024.