Legal Entity Identifiers (LEIs) for
Insurance Firms
Insurance firms—whether life, non-life, reinsurance, or intermediaries—are increasingly required to obtain a Legal Entity Identifier (LEI) to meet a range of regulatory, operational, and counterparty reporting obligations. The LEI provides a globally recognized and standardized method for identifying legal entities participating in financial transactions.
In a sector where transparency, cross-border compliance, and risk assessment are paramount, the LEI plays a critical role in strengthening regulatory reporting, AML/KYC, and counterparty due diligence.
| COMPARE EXPRESS | RENEW | RAMP | AVERAGE LEI PROVIDER | |
|---|---|---|---|---|
| CRO Auto Complete |  |  | | |
| Guarantee Data Accuracy | | | | |
| Dedicated Account Manager | | | | |
| Lapsed Number Notification | | | | |
| Pricing | €89 | €126 | €55 | €45 |
| Management System | | | | |
| Award Winning | | | | |
| 0 Based Pricing | | | | |
CORE BENEFITS OF THE
LEGAL ENTITY IDENTIFIER
Since 1st July 2022, insurance intermediaries that carry out cross border business in other EU Member States have an LEI, in line with the revised EIOPA Guidelines. Firms are required to obtain an LEI code and to submit a letter/email to idd.notifications@centralbank.ie by 31 July 2022 confirming the firm’s LEI.
Unique Identification
Globally recognized standard that uniquely identifies every entity involved in financial transactions, eliminating ambiguity.
Data Quality and Comparability
High-quality, standardized data that facilitates better internal record keeping and external reporting accuracy across borders.
Supervison
Enables regulators to monitor risk concentrations across complex insurance groups.
Financial Stability
Regulatory Compliance
LEI Data provides regulators with up to date, reliable and consistendtdata on market participants,
Solvency II EIOPA GUIDELINES
In Solvency II Directive for example, the Legal Entity Identifier (LEI) is used to uniquely identify entities falling within its scope. It facilitates data consistency and comparability across different sources, enhancing supervision and risk assessment in the insurance and pensions sectors. The LEI is essential for Solvency II reporting, allowing for better risk analysis and efficient supervision by national authorities and EIOPA
“The LEI rules allow for unambiguous identification of the legal entities mentioned above,
avoiding inconsistency and ambiguity of identification by national codes or by their name.
This categorisation improves the quality and timeliness of aggregated data at EU level and
eventually reduces the reporting burden for reporting entities operating cross-border.”
— EIOPA, Guidelines on LEI
Simple, Transparent Pricing
Choose the plan that fits your needs
LEI Express
Quickly and easily register a single LEI code for any company here-
LEI Registration
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GLEIF Fee Included
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ISO 17442 Compliant
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Card Payments Only
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Annual Renewal Reminders
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Email Support
Enterprise RAMP
Use the platform for managing bulk LEIs at scale while maintaining compliance to regulations-
Everything in LEI Express, plus:
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Online Dashboard Access
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Multi-Year Discounts
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Company Data Autofill
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Priority Customer Support
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Live Chat Support
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Dedicated Account Manager
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Document Sourcing For You
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LEI Monitoring & Maintenance
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3+ Flexible Billing Options
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Free Watchlist & Alerts Tool
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Invite Team Members
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Order Tracking
Enterprise RAMP+
Premium offer with dedicated support options and bespoke solutions, for highly regulated firms such as Funds, ManCos and Asset Managers-
Everything in Enterprise RAMP, plus:
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Fully Assisted Service
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Entity Mapping for Your Organisation
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Volume Partner Pricing Available
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Free LEI Certificates
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No Surcharges
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Phone Support
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Unlimited Free Bulk Transfers
WHO WITHIN THE INSURANCE SECTOR NEEDS AN LEI?
- Life and Non-life Insurers
- Intermediaries
- Captives
- Reinsurers
- ISPVs
- Investment Subsidiaries
Nearly all entities operating within the European Economic Area (EEA) and global insurance markets are required to maintain an active LEI to continue legal operations and reporting.
How to get an LEI
for an insurance firm with LEI Worldwide
A streamlined 4-step process for insurance firms
1
Search Entity
2
Fill Application
Provide entity details and legal structure documentation.
3
Verify Data
Our team validates your data against primary sources.
4
Receive LEI
Your unique 20-digit code is issued and registered globally.
Secure Your Entity’s Future Today
Have questions about pricing, bulk registrations, or regional mandates? Send us a message and we’ll get back to you within one business hour.
