Authorisation and Approval Process - Solvency II

Information on obtaining authorisation as a (re)insurance undertaking is set out in the Guidelines on Completing and Submitting Life Insurance non Life Insurance and Reinsurance Applications 2022.
Prior to contacting the Central Bank of Ireland (the “Central Bank”), a potential applicant should:

• Refer to the Guidelines on Completing and Submitting Life Insurance non Life Insurance and Reinsurance Applications 2022
• Assess what type of authorisation is required by the applicant’s business model and whether it will be capable of meeting the regulatory requirements in relation to that authorisation
• Once you are familiar with the application process and the regulatory requirements please contact the Insurance Directorate Authorisations Team in order to arrange a preliminary meeting. You can do so by emailing [email protected]

Checklists for Authorisation Applications

Subsequent to a preliminary meeting and depending on the nature of the proposal, the information requirements outlined in one of the following checklists must be provided to the Central Bank in support of an application:

Additional Information

All of the listed information must be provided in order to constitute a complete application.
The application process is an iterative one involving contact and consultation with the Central Bank after an application is formally submitted.

If an applicant makes material changes to its application, it should submit a revised application incorporating all of the changes.

The final decision on authorisation applications rests with the Central Bank. Details in relation to the formal authorisation of successful applications are also included in the Guidelines.

Guidance on Applications