The Irish Brokers Association is the premier representative body for Insurance Brokers in Ireland. The Association represents over 450 broker offices, which provide employment for over 5,500 people around Ireland. All IBA members are regulated by the Central Bank of Ireland and adhere to strict regulations such as the New Minimum Competency Code (MCC) and Consumer Protection Code (CPC).
Irish Brokers Association members represent:
70% of overall General Insurance market
70% of all pension coverage in Ireland
50%+ of all Financial Services business in Ireland in areas like Life Assurance, Pensions, Investments etc
The IBA is the voice of the industry advising members, the regulators, government and other stakeholders on key insurance issues in order to raise and maintain industry standards.
All IBA member offices and their staff embrace strict standards of conduct, professionalism and practice to ensure that high standards of service are delivered to all clients.
All member brokers have Professional Indemnity of a minimum of €1.5 million. In addition to the statutory protection from Investor Compensation Company Ltd. (ICCL), all IBA members go one step further for the clients and pay annually into the IBA compensation funds, which offer their clients 5 times more cover than the ICCL.
“To represent, support and grow the broker brand and position the broker as the consumers’ choice for Professional independent and impartial advice, and to do this in a consistent, reasoned and considered way”