Ireland: Insurance Laws and Products

The Central Bank of Ireland has commissioned a comprehensive review of its enforcement activities, examining effectiveness, efficiency, and transparency in light of the evolving financial system. Simultaneously, new regulations establish the 2026 levy framework for regulated entities, while the Department of Finance seeks public input on implementing EU crisis management and deposit insurance reforms.

The Central Bank of Ireland is advancing its regulatory framework through multiple initiatives, including a consultation on regulatory impact assessments and consultation approaches, speeches on financial intermediaries and macroprudential policy, and guidance on insurance sector changes. These developments reflect the Central Bank's commitment to simplification, proportionality, and evidence-based policymaking while maintaining robust consumer protection and financial stability standards.

The Irish Government recently launched the Motor Insurance Transparency Code (Transparency Code), a priority commitment under its Action Plan for Insurance Reform 2025–2029.