Legislation and the National Claims Information Database

The Central Bank is required to collect, validate, analyse and publish data from insurance undertakings on the income generated by, and costs associated with, non-life insurance business under the Central Bank (National Claims Information Database) Act 2018.

Read the Central Bank (National Claims Information Database) Act 2018

Under Section 7 of the Act, the Central Bank must make regulations defining non-life insurance risks based in the State and specifying relevant classes of non-life insurance for the purposes of the Act.

Following consultation with the Minister for Finance in H1 2019, the Central Bank made regulations defining what constitutes an insurance risk in the State, and specifying that private motor insurance will be the initial type of insurance in scope of the NCID. Subsequently, the regulation was updated and scope of the NCID was extended to include employer’s liability and public liability insurance.