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Association of Insurance & Financial Brokers

Acronym: Brokers Ireland

General Information

Identification Code: 514606449065-58
Website: [object Object]
Entity Form: Company Limited by Guarantee
Registration Category: Trade unions and professional associations
Registration Date: 2/14/2023
Last Update: 2/19/2024
EP Accredited Number: 0

Mission & Interests

Goals: Brokers Ireland is the leading representative body for Insurance Brokers in Ireland. It has a combined membership of over 1,200 firms representing both General Insurance and Financial Brokers throughout Ireland. Brokers Ireland advises members, regulators, government and other stakeholders on key insurance issues in order to raise and maintain industry standards. All member offices embrace strict standards of conduct, professionalism and practice to ensure that high standards of service are delivered to all clients. The areas of legislation and regulation are a key priority for Brokers Ireland, and it plays a key role in lobbying on behalf of its members. Brokers Ireland is a member of BIPAR, the European Federation of Insurance Intermediaries, whose mission is to promote a European regulatory environment in which intermediaries can prosper and that, at the same time, ensures fair competition, an adequate level of consumer protection and a solid and sustainable insurance market.
Interests Represented: Promotes their own interests or the collective interests of their members
Interests:
  • Banking and financial services
  • Business and industry
  • Climate action
  • Competition
  • Consumers
  • Digital economy and society
  • Economy, finance and the euro
  • Environment
  • Trade
Levels of Interest:
  • global
  • european
  • national
  • sub-national

Activities

Main EU Legislative Proposals: IDD - Insurance Distribution Directive MIFID - Markets in Financial Instruments Directive MIFIR - Markets in Financial Instruments Regulation Consumer Credit Directive DORA - Digital Operational Resilience Act CMU/RIS - Capital Markets Union/ Retail Investment Strategy Sustainable Finance Disclosure Regulations Distance Marketing Directive institutions for occupational retirement provision (IORPs) Anti money laundering GDPR - General Data Protection Regulation Packaged Retail Insurance-Based Investment Products (PRIIPs) Solvency II Any other relevant legislation relevant to the intermediary market
Communication Activities: Objective is to lobby for proportionate regulation of the intermediary sector - for example in relation to DORA - Digital Operational Resilience Act, the exemption of small to medium size intermediaries. In respect of MIFID - Markets in Financial Instruments Directive/MIFIR - Markets in Financial Instruments Regulation - oppose proposals to introduce a commission ban. In relation to Capital Markets Union/ Retail Investment Strategy lobby Commissioner McGuinness and other relevant MEPS in relation to proposals to ban commission/inducements. Brokers Ireland lobbies MEP directly and also through BIPAR the European Federation of Insurance and financial intermediaries. We do so via emails, letters, meetings and distributing our publications.
Inter-institutional or Unofficial Groupings: N/A

Head Office

Address: 87 Merrion SquareDublin 2
Post Code: D02 DR40
City: Dublin
Country: IRELAND
Phone: [object Object]

EU Office

Address: 87 Merrion SquareDublin 2
Post Code: D02 DR40
City: Dublin
Country: IRELAND
Phone: [object Object]

Financial Data

New Organisation: false
Closed Year: [object Object]
Current Year: [object Object]

Membership Information

Members10 Percent: 0
Members25 Percent: 3
Members50 Percent: 0
Members75 Percent: 3
Members: 7
Members F T E: 4

Structure

Structure Type: Structure
Is Member Of: Please see link to our membership register https://brokersireland.ie/broker/?product=All+Products&categories=All+Counties 1250 Intermediary firms
Organisation Members: BIPAR, the European Federation of Insurance Intermediaries (https://www.bipar.eu/en) ISME, the Irish SME Association (https://isme.ie/) IMBF is an international organization for national mortgage broker and mortgage finance associations (http://www.imbf.co/) ICPSA, Irish Conference of Professional and Service Associations