On 20 April 2015, the Central Bank of Ireland (Central Bank) held a Solvency II Forum. One of its key aims was to communicate the Central Bank's expectations to insurers, regarding the implementation of Solvency II.  Amongst other matters, the benefits (including that Solvency II would lead to improved governance, risk assessment and reporting, as well as increased investment flexibility) and challenges (including that Solvency II did not revise the pre-existing conditions for (re)insurer authorisation, which may lead to a lack of supervisory flexibility given that solvency II is a maximum harmonisation Directive).  Notably, the Central Bank commented that reporting effected to date regarding Solvency II had provided the Central Bank with certain insights, including the need for greater Board input and more robust stress testing.  Availability of external user testing for insurers in Q3 of 2015 was also highlighted (as was the low-take up by firms during the current test phase) and the Central Bank urged firms to avail of this.