Regulation, Legislation and Government Affairs
Whether headquartered or established as a branch here, or trading into or from Ireland on a freedom-of-service basis, insurers contend with existing, expected and potential legislative and regulatory measures designed for financial services in general and for them in particular.
Few will have, or be prepared to commit, the necessary resources to monitor, let alone engage with, legislators and policy-makers on all of the key issues.
As the leading representative body for Ireland’s insurance sector Insurance Ireland is the primary source of industry intelligence and opinion for legislators, regulators, consumers and professionals. Through our Councils, Committees and Working Groups we engage with the Irish government, domestic regulatory authorities and the Financial Services Ombudsman on all of the issues of concern to our members. Our aim is to prevent legislation or regulation that is unnecessary and to ensure that what is necessary is designed and implemented in a way that meets its policy objectives without causing unnecessary harm to the insurance market.
Our approach is to ensure maximum impact by engaging with Government and domestic authorities at an early stage in the development of legislation and regulation – initially at a policy and later at a technical level.
The starting point for this process is your contribution as a member to Insurance Ireland’s Councils, Committees, Working Groups and Fora. As a member you will have access to our Topic tracking service, which will keep you up-to-date with the latest developments on issues we are managing, as well as all briefing notes for meetings and a wide range of research and statistical services.
Current key issues Insurance Ireland is managing on behalf of members include: Solvency II, IMD II, PRIPs and Pensions reform.
Insurance Ireland - The Voice of Insurance