Domestic

The CBI publishes its Q3 Insurance Newsletter

The Central Bank of Ireland (CBI) has published its third quarterly insurance newsletter of 2025. The newsletter focuses, in particular, on asset intensive reinsurance (AIR), the CBI’s thematic review of consumer treatment in the health insurance space and specialty insurance firms.

In relation to AIR, the newsletter details takeaways from the data request the CBI issued to a group of life (re)insurers earlier this year. The newsletter reports that AIR exposure at YE 2024 was approximately €30bn, roughly 8% of total technical provisions for the (re)insurers polled.

The newsletter also flags that the CBI has made a number of changes to its “Requirements and Guidance” section of its Solvency II webpage, in anticipation of the amended Solvency II being commenced in 2027.

The newsletter goes on to note the CBI regards stakeholder engagement to be an effective means of communicating upcoming regulatory developments and supervisory plans, highlighting emerging risks, and summarising key findings.

European

Supervision of AI: Finding the right balance

On 16 September 2025, the European Insurance and Occupational Pensions Authority (EIOPA) Chairperson Petra Hielkema delivered a speech regarding the supervision of AI at the Programme on Regulation and Supervision (PROGRES) Conference in Frankfurt.

The speech addressed the benefits and risks of AI, and Ms Hielkema observed that while AI-supported technology is increasingly being adopted across the value chain, this should be balanced against the risks of eroding the trust of consumers.

Ms Hielkema further noted that while governance of AI is fragmented and proving difficult to grasp at a global level, the AI Act is the first comprehensive legal framework on AI. Ms Hielkema concluded that EIOPA intends to develop more detailed analysis of specific AI systems and emerging issues related to their use in insurance, and to provide guidance where appropriate.

EIOPA publishes technical information for Solvency II RFR term structures and on the symmetric adjustment of the equity capital charge

EIOPA has published technical information regarding the relevant risk-free interest rate (RFR) term structures with reference to the end of August 2025. RFR term structures is used for the calculation of the technical provisions for (re)insurance obligations.

EIOPA has also published the technical information on the symmetric adjustment of the equity capital charge for Solvency II. The symmetric adjustment is regulated mainly in Article 106 of Solvency II; Article 172 of the Delegated Regulation of Solvency II as well as in EIOPA’s Final report on ITS on the equity index for the symmetric adjustment of the equity capital charge.

With this publication, EIOPA ensures consistent calculation of technical provisions across Europe.

Date published: 29 October 2025

This publication provides an overview of certain legal and regulatory developments that may be of interest to certain entities. It does not purport to provide analysis of law or legal advice and is strictly for information purposes only.