Reporting Requirements for Life Insurance, Non-Life Insurance and Reinsurance Undertakings not subject to Solvency II  

Annual Returns:

Undertakings must submit annual returns using the Online Reporting System.

1. Non-Life Annual Returns

The data can be entered manually on the online forms, or uploaded as an XML file.  Instructions for the file upload are published in the User Guide to XML File Upload, and technical details about the required file format are defined by the XML Schema. The non-life annual returns must also be supplied in hard copy in the format outlined in SI 202 of 1995 (EC (Non-Life Insurance Accounts) Regulations 1995. The returns should be submitted by 30th April each year (or 4 months after the financial year-end).

2. Life Annual Returns

The data can be entered manually on the online forms, or uploaded as an XML file.  Instructions for the file upload are published in the User Guide to XML File Upload and technical details about the required file format are defined by the XML Schema. The data to be submitted by Life Insurance undertakings is outlined in SI 360 of 1994 (EC (Life Assurance) Framework Regulations). The returns should be submitted by 30th April each year (or 4 months after the financial year-end).
 

3. Reinsurance Annual Returns

Reinsurance undertakings must submit annual returns in the format and on the basis outlined in the requirements issued by the Central Bank. 

Quarterly Returns:
Insurance undertakings may also be required to submit returns on a quarterly basis using the Central Bank’s Online Reporting System. Quarterly returns should be received within 4 weeks of the end of the relevant quarter. We have also issued Guidance Notes on the completion of Quarterly Returns.

Duties of Auditors
Section 27B of the Central Bank Act 1997 as inserted by the CBFSAI Act 2004 places a duty on auditors to make a written report to the Central Bank of Ireland, within one month after the date of the auditor’s report on the financial service provider’s financial statements. The Statutory Duty Confirmation is sent directly to the Central Bank of Ireland and is a statement to the Central Bank of Ireland that there is no matter, not already reported in writing to the Central Bank of Ireland by the auditor, that has come to the attention of the auditor during the ordinary course of the audit that gives rise to a duty to report to the Central Bank of Ireland. Where matters have already been reported to the Central Bank of Ireland such matters should be referred to in the Statutory Duty Confirmation.