Regulation of insurance

This subtopic provides guidance on the differences between Irish insurance law and UK insurance law, the process for obtaining authorisation as a (re)insurer from the Central Bank of Ireland (CBI), and the insurance portfolio transfer process.

Contracts of insurance under Irish law are governed by a combination of statutory regulation and principles developed by case law. Whether or not a contract is a contract of insurance is therefore a threshold question to determining what regulatory, statutory or common law principles apply.

Reinsurance is essentially the insurance of insurance, purchased by an insurer or reinsurer to protect against its exposure under policies that it has underwritten. Reinsurance enables an insurer to pass on all or part of risks that it has underwritten. 

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