In the latest edition of its 'Intermediary Times' newsletter, published earlier this month, the Central Bank reminds insurance intermediaries that they must hold minimum PII cover of €1.25m per claim and €1.85m in aggregate per annum for their insurance mediation activity.  In addition to this, insurance intermediaries which are also (a) investment intermediaries or (b) debt management firms must also hold the same level of PII cover in respect of each of those other regulated strands of activities, with effect from 1 October 2014.   The Central Bank also confirms that it is currently contacting all (re)insurance intermediaries whose latest annual return has indicated a failure to satisfy PII requirements, as part of its ongoing thematic review of PII held by those firms.