Association of Insurance & Financial Brokers
Recent meetings
| Date | Commissioner / Cabinet | Topic | File |
|---|---|---|---|
| 18 Jul 2023 | Agnieszka Drzewoska Cabinet member | Distribution of Retail financial products | — |
| 18 Jul 2023 | Agnieszka Drzewoska Cabinet member | Distribution of Retail financial products | SRC |
Mission & 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.
EU Legislative Interests
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 FIDA - Financial Data Access Regulation Any other relevant legislation relevant to the intermediary market
Communication Activities
The 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-sized 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 Commissioners 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.
Interests Represented
Promotes their own interests or the collective interests of their members
Member Of
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
Organisation Members
Please see link to our membership register https://brokersireland.ie/broker/?product=All+Products&categories=All+Counties 1200 Intermediary firms