News

The attached was submitted in response to the Public Consultation on Revision of Death Registration Process from the Department of Social Protection https://www.gov.ie/en/consultation/aa3b2-public-consultation-on-revision-of-death-registration-process/

Value for Money in Life Insurance Savings

Where this information includes links to other sites and resources provided by third parties, these links are provided for general information only. The Society assumes no responsibility for the contents of such third party offerings.

The Society has made a Submission to the Department of Finance on the Public Consultation on Climate Change and Insurance in the context of the "Climate Action Plan 2019 to Tackle Climate Change Breakdown.

You can read the Society's Submission here.

The Society has issued responses to the following Central Bank of Ireland Consultation Papers:

The Society recently submitted a response to the Central Bank of Ireland Consultation Paper (CP114) on Amendments to the Non-Life Insurance (Provision of Information) (Renewal of Policy of Insurance) Regulations 2007.

The response is available to read on our website here https://web.actuaries.ie/press/submissions

The Central Bank of Ireland has published S.I. 392 of 2017, which amends the Life Assurance (Provision of Information) Regulations 2001. The Life Assurance (Provision of Information) Regulations (Amendment) Regulations 2017 amend Regulation 7 of the Life Assurance (Provision of Information) Regulations 2001 due to the coming into effect of the EU Regulation on key information documents for packaged retail and insurance-based investment products (the PRIIPs Regulation) on 1 January 2018.

The Society of Actuaries in Ireland has told the ‘Oireachtas Committee on Finance, Public Expenditure & Reform, and Taoiseach’ that evidence-based research is vital to underpin informed policy-making on the costs of motor insurance. 

The full Press Release, including speaking notes, is available here.

Parliament’s Economic and Monetary Committee rejected as “misleading” and flawed, proposals aimed at providing greater protection to consumers buying packaged financial products, and unanimously voted to send the proposals back to the European Commission.

The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, ESMA - ESAs) has finalised its proposal for regulatory technical standards (RTS) on Key Information Documents (KIDs) for Packaged Retail and Insurance-based Investment Products (PRIIPs). 

The European Insurance and Occupational Pensions Authority (EIOPA) published today a potential macroprudential approach to the low interest rate environment in the Solvency II context.
The aim of this publication is to contribute to the discussion on the possible need to develop a macroprudential framework in the insurance sector to promote financial stability in a Solvency II environment.
 
The following three objectives to be targeted by supervisory authorities in the current low interest rate environment are addressed: