KPMG in Ireland

Ireland already has a recovery planning regime in place, but with IRRD applying from January 2027 what does that mean for Irish regulated insurers? In our latest Inside Insurance video, Jean Rea discusses with Brendan McCarthy and Matthew Green the potential impact of a more focussed harmonised regime with fewer market participants, the linkage with resolution planning, and the lessons that can be drawn from the more mature BRRD regime.

In the latest episode of Inside Insurance, Jean Rea is joined by David Fitzgerald from the Motor Insurers' Bureau of Ireland (MIBI) to where they discuss developments in the Irish motor insurance landscape including Continuous Vehicle Coverage (CVC) and the introduction of the Irish Motor Insurance Database (IMID).  David shares insights into how these initiatives are helping to identify uninsured vehicles, strengthen enforcement capabilities and improve the accuracy and accessibility of motor insurance information.

In our latest Inside Insurance – Navigating Solvency II Reform video, Jean Rea and Órlaith Lehane discuss one of the most significant Pillar 2 developments coming through the Solvency II Review – sustainability risk management.

The session looks at the evolving expectations on insurers, including Sustainability Risk Plans, governance and risk management integration, ORSA scenario analysis, and consideration of the broader ESG risk spectrum.

With implementation due from January 2027, now is a great time for insurers to understand what is changing and how existing climate risk frameworks can be leveraged to support compliance.

In this edition of Bermudan Insights, Jean Rea is joined by Anam Khan, Partner in KPMG Bermuda and Head of Actuarial for the KPMG Islands Group to explore the role Bermuda plays in global insurance and reinsurance markets. The discussion looks at market dynamics and key trends across both life and non-life insurance sectors.

If these themes are relevant to your business, get in touch with Jean, Anam, or the KPMG team to continue the conversation.

In our fourth Inside Insurance – Navigating Solvency II Reform video, Eoin King and Sinead Heavey explore the concept of proportionality — a theme that has featured across the video series to date. The discussion examines proportionality from both an SNCU and non-SNCU perspective, discussion the process involved , as well as the practical implications across all three pillars of Solvency II.

 

Please reach out to us if you have any questions or would like to explore any aspects of upcoming changes in more detail.