COMMISSION STATEMENT

COMMISSION STATEMENT

COMMISSION STATEMENT

 J.F.Dunne Insurances Ltd act as intermediary (Broker) between you, the consumer, and the product provider with whom we place your business.

 

The Background

Pursuant to provision 4.58A of  the Central Bank of Ireland’s September 2019 Addendum to the Consumer Protection Code, all intermediaries, must make available in their public offices, or on their website if they have one, a summary of the details of all arrangements for any fee, commission, other reward or remuneration provided to the intermediary which it has agreed with its product producers. 

 

What is Remuneration?

Remuneration is the payment earned by the intermediary for work undertaken on behalf of both the provider and the consumer.   The amount of remuneration is generally directly related to the value of the products sold.

 

What is Commission?

Commission is payment that may be earned by an intermediary for work undertaken for both provider and consumer.

 

General Insurance Products

General insurance products, such as motor, home, travel, health, retail or liability insurance, are typically subject to a single or standard commission model, based on the amount of premium charged for the insurance product. 

 

Profit Share Arrangements

In some cases, the intermediary may be a party to a profit-share arrangement with a product provider and will earn additional commission.  Any business arranged with these product providers on a client’s behalf will be placed with the product provider because that product provider is at the time of placement, the most suitable to meet the client’s requirements, taking all the client’s relevant information, demands and needs into account.

 

Other Fees, Administrative Costs/ Non-Monetary Benefits

The firm may also be in receipt of other fees, administrative costs, or non-monetary benefits such as attendance at product provider seminars and assistance with advertising/branding

 

Click on the name of one of the providers that our firm deals with, to view the commision statement from that company.

 

AIG Europe S.A.

Aiken Insurances Ltd

Allianz Insurance plc

AON

Aquabroker

A.R.B.

Aviva Insurance

AXA Insurance

Blue Insurance

Capital IM/Arachas/Covercentre/Kidd Insurances

DeCare Dental Insurance

Ecclesiastical Insurance

Hooper Dolan Insurances Ltd

Irish Life Health

KennCo Underwriting Ltd

Marsh Ireland Brokers Ltd

OBF Insurance Group

O'Driscoll O'Neill

Optis Insurance

Royal & SunAlliance/Benchmark Underwriting

Zurich Insurance plc

 

J.F.Dunne Insurances Ltd is regulated by the Central Bank of Ireland. J.F.Dunne Insurances Ltd is part of the JF Dunne Group.
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