Our Remuneration
We, ReSure Corporate Brokers 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.
There are different types of remuneration and different commission models:
- Single commission model: where payment is made to the intermediary shortly after the sale is completed and is based on a percentage of the premium paid/amount invested/amount borrowed.
- Trail/Renewal commission model: Further payments at intervals are paid throughout the life span of the product.
- Indemnity Commission
Indemnity commission is the term used to describe a commission payment made before the commission is deemed to be ‘earned’. Indemnity commission may be subject to a clawback (see below) if the consumer lapses or cancels the product before the commission is deemed to be earned. - Other forms of indemnity commission are advances of commission for future sales granted to intermediaries in order to assist with set up costs or business development.
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.
Life Assurance/Investments/Pension Products
For Life Assurance products commission is divided into initial commission and renewal commission (related to premium), fund based or trail (relating to accumulated fund).
Trail commission, bullet commission, fund based, flat commission or renewal commission are all terms used for ongoing payments. Where an investment fund is being built up though an insurance-based investment product or a pension product, the increments may be based on a percentage of the value of the fund or the annual premium. For a single premium/lump sum product, the increment is generally based on the value of the fund.
Life Assurance products fall into either individual or group protection policies and Investment/Pension products would be either single or regular contribution policies. Examples of products include Life Protection, Regular Premium Life Assurance Investments, Single Premium (lump sum) Insurance-based Investments, and Single Premium Pensions.
Investments
Investment firms, which fall within the scope of the European Communities (Markets in Financial Instruments) Regulations 2007 (the MiFID Regulations), offer both standard commission and commission models involving initial and trail commission. Increments may be based on a percentage of the investment management fees, or on the value of the fund.
Credit Products/Mortgages
Commission may be earned by intermediaries for arranging credit for consumers, such as mortgages. The single, or standard, commission model is the most common commission model applied to the sale of mortgage products by mortgage credit intermediaries (Mortgage Broker).
Clawback
Clawback is an obligation on the intermediary to repay unearned commission. Commission can be paid directly after a contract is concluded but is not deemed to be ‘earned’ until after a specified period of time. If the consumer cancels or withdraws from the financial product within the specified time, the intermediary must return commission to the product producer.
Fees
The firm may also be remunerated by fee by the product producer such as policy fee, admin fee, or in the case of investment firms, advisory fees. Include arrangements etc
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
- Assistance with Advertising/Branding
The list of providers we have commission sharing arrangements with is overleaf:
AIG Europe S.A
Products
Typically for these products only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| PI | 20% |
| PI Rapidcover | 25% |
| Excess Rapid Cover | 22.50% |
| Shop Rapid Cover | 15% |
| Office Rapid Cover | 22.50% |
| Property Owners Rapid Cover | 20% |
| Public Liability | 22.50% |
| Cyber Rapid Cover | 20% |
| PA/Travel | 15% |
| Marine Rapid Cover | 20% |
| Commercial Combined Rapid Cover | 17.50% |
| D&O, Crime, PTL, EPL, Entity | 17.50% |
| Motor | 10% |
| Excess | 17.50% |
| Terrorism | 20% |
| Environmental Liability | 18% |
| D&O, Crime, PTL, EPL, Entity Rapidcover (Bus Guard) | 20% |
| Employers Liability | 6% |
Axa Insurance dac.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Household | 15% |
| Employers Liability | 7.50% |
| Employers Liability (Agriculture Product) | 10% |
| Public/Product Liability | 17.50% |
| Other Classes (Enterprise , Portfolio , Agriculture Products) | 20% |
| Enterprise Commercial Combined product | 17.50% |
| Private Car | 5% |
| Commercial Vehicle | 5% |
| Shop, Office, Surgery (online | 17.50% |
| Fleet | 5% |
| Tradesman and Professionals (online) | 15% |
| Property Owners Portfolio Product | 17.50% |
Allianz Plc.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Professional Indemnity | 20.0% |
| Cargo Goods | 18.8% |
| Apartment Blocks | 17.5% |
| SME | 15.0% |
| SMP (Property Owners) | 15.0% |
| Engineering | 15.0% |
| Computer | 15.0% |
| Broker Household | 15.0% |
| Combined Property | 15.0% |
| Motor Fleet | 5.0% |
| Private Motor | 5.0% |
Commission will be allowed to the intermediary on premiums actually paid to and received by Allianz in respect of insurance introduced and controlled by the intermediary while the intermediary continues to hold this intermediary appointment and to be the authorised under the 1995 Act [and the S.I No. 229/2018 – European Union (Insurance Distribution) Regulations 2018], and for that period only. Whenever return of premium has to be made to an insured on which commission has been paid to the intermediary, the corresponding part of such commission must be refunded by the intermediary to Allianz.
Commission terms for all business will be those laid down or specified in writing by Allianz for the time being and from time to time. Allianz reserve the right to revise and alter the rates of commission from time to time at their discretion. Revisions in such rates will become effective upon notice in writing to the intermediary by Allianz in respect of all business introduced by the intermediary thereafter.
[The rates as laid down or specified in this report have not accounted for any individual increase or decrease in single policy commission which has been agreed by the intermediary separately with Allianz for a specific policy. Where any such non-standard commission is paid in respect of a single policy, these commissions are not included within this report and it is the responsibility of the intermediary to disclose such non-standard commissions to the CBI and/or the policyholder. The intermediary is required to continue to comply with its obligations as per Clause 8 of the Terms of Business Agreement, “Disclosure to Customer”.]
Allied World Plc.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Combined Liability | 10% |
ARAG.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Commercial Combined | 15% |
| EPL Standalone | 15% |
ARB Underwriting Ltd.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Professional Indemnity | 17.5% (risks placed with CFC 10-12.5% based on risk involved) |
| Commercial Apartment Blocks | 12.50% |
| Motor and Motor Trade Road Risk | 5% |
| Motor Trade Internal Risk | 10% |
| Travel | 20% |
| Cyber | 12.50% |
| Medical | 10% |
| Commercial Property | 15% |
Aviva Insurance Ltd.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Agriculture Business | 15% |
| Contract Works | 15% |
| Engineering Inspection | 15% |
| Home | 12.50% |
| Marine | 18.70% |
| Motor Fleet | 10% |
| Packages | 20% |
| Commercial Motor | 10% |
| Commercial Motor D Product | 20% |
| Trademark+ | 20% |
Blackrock Insurance Solutions Ltd.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Liability | Varies based on risk 5-10% |
Capital Cover Group Ltd.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Apartment Owner | 15% |
| Bespoke apt Owner | 15% |
| Bespoke Apt Renter | 15% |
| Holiday Home | 15% |
| Owner Occupied | 15% |
| Residential Let | 15% |
| Holiday Home Basics | 10% |
| Holiday Home | 10% |
| Homeworker | 15% |
| Mobile Home | 10% |
| Mid Net Worth | 15% |
| Owner Occupied | 15% |
| Residential Let | 15% |
| Touring Caravan | 10% |
| Unoccupied PDH | 10% |
| Light Commercial Vehicle | 6% |
Chubb Insurance Co. of Europe S.E.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Commercial Package | 15% |
| Combined Liability | 10% |
| Monoline Public Liability | 10% |
| Environmental Impairment Liability | 15% |
| Excess Liability | 15% |
| Professional Indemnity | 15% |
| Crime | 15% |
| Cyber | 15% |
| D&O | 15% |
| Marine | 15% |
| Contractors All Risk | 15% |
| Masterpiece Motor | 15% |
| Masterpiece Household | 7.50% |
| Personal Accident/Travel | 20% |
| Surety | 10% |
| Entertainment | 15% |
Citynet Insurance Brokers Ltd.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| OBE Liability | 10% |
| OBE Property | 12.50% |
| JRP Liability | 10% |
| JRP Property | 12.50% |
| Syndicate 2525 | 10% |
| CAN Hardy | 10% |
| Sompo | 11% |
| AXA/XL | 10% |
| Axis | 10% |
| Aspen | 10% |
| Manchester Underwriting | 7.50% |
Corporate Underwriting Ltd.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Marine Cargo | 7.50% |
| Carrier Liability | 18.77% |
Dolmen Insurance Limited.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Amethyst | 10% |
| Premier | 10% |
| Homeworks | 12.50% |
| Property Works | 12.50% |
| Unoccupied | 10% |
| Land Liability | 10% |
| Property Owners | 15% |
| PI | 20% |
Dual Insurance.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| PI | 20% |
Ecclesiastical.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Amethyst | 10% |
| Premier | 10% |
| Homeworks | 12.50% |
| Property Works | 12.50% |
| Unoccupied | 10% |
| Land Liability | 10% |
| Property Owners | 15% |
| PI | 20% |
FBD Insurance Plc.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Property | 15% |
| Commercial Combined | 15% |
| Employers Liability Only | 6% |
| Public Liability Only | 10% |
| Public Liability & Employers Liability | 10% |
| Fleet Motor | 10% |
| Private Motor | 5% |
| Commercial Motor | 5% |
| Home | 15% |
| Computer | 15% |
| Marine | 15% |
| All Others | 15% |
Frost Insurances Ltd.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Property Owners | 15% |
| Commercial Combined | 15% |
Hiscox SA.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Professional and Speciality Commercial | 20% |
HSB Engineering.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Casualty | 15% |
| Computer & Electronics | 15% |
| Construction | 15% |
| Energy | 15% |
| Engineering | 15% |
| Equipment Breakdown | 15% |
KennCo Underwriting Ltd.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Household | 15% |
| Motor | 15% |
| Commercial | 15% |
| Motor Trade | 5% |
| Garage Combined | 15% |
| Professional Indemnity | 15% |
| Cyber | 12.50% |
| Medical Malpractice | 10% |
| Travel | 20% |
Liberty Insurance.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Household | 20% |
| Private Motor | 10% |
| Commercial Motor | 10% |
| Fleet | 10% |
| Liberty Mutal – PI | 20% |
LIME Underwriting.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Motor Fleet | 7.50% |
| Motor Trade | 10% |
| Liability | 10% |
| Property Owners | 10%-12.50% |
| Personal Accident | 10%-15% |
Newline Group.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| PI (Access through KennCo U/W) | 15% |
Munich RE.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Facultative – Domestic Transit | 20% |
| Facultative – Marine Cargo | 20% |
| Facultative – Marine Goods in Transit | 20% |
| Domestic Transit | 20% |
| Marine Cargo | 20% |
| Marine Goods in Transit | 20% |
| Stock Throughput | 20% |
| Worldwide Machinery Installation | 20% |
| Computer | 20% |
| Contractors All Risk Annual | 20% |
| Contractors All Risks Specific | 20% |
| Erection All Risk Annual | 20% |
| Erection Al Risks Specific | 20% |
| Machinery Movement | 20% |
| Deterioration of Stock | 20% |
| Forwarding , Forwarding & Haulage | 20% |
| Forwarding , Haulage & Warehouse | 20% |
| Haulage & Warehousing | 20% |
| Hauliers Liability | 20% |
| Terrorism | 17.50% |
Optis Insurance.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Combined Liability | 15% (QBE 2% – XLC-2.5%) |
| Property Owners/ Real Estate | 17.50% |
| Pub | 15% |
| Commercial Combined | 15% (City Net- 2%) |
| Shop | 15% |
| Retail | 2% |
| Restaurant | 2% |
| PI | 20% |
| Self-Build | 15% (City Net- 2%) |
| Couriers / Couriers Liability | 15% |
| Office | 15% |
| B&B & Guesthouse | 15% |
| Contractors All Risk | 15% |
| Personal Accident | 15% |
| Legal Expenses | 15% |
| Motor Fleet | 0% -10% |
| Open Market | 0% |
Premium Credit Limited.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Finance | 1% |
Recyclesure.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Property Owners | 5%-10% |
RSA
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Contractors All Risks | 15% |
| Carriers Liability | 20% |
| Cargo | 18.80% |
| Employers Liability | 6% |
| Engineering | 6% |
| Apartments/Block of Flats | 15% |
| Household Non Full Cycle | 15% |
| Household Non Full Cycle | 15% |
| Marine | 15% |
| Office | 17.50% |
| Personal Accident/Travel | 20% |
| Combined | 15% |
| PI | 17.50% |
| Public Liability | 10% |
| Property | 12.50% |
| Shop | 15% |
| Traders | 20% |
| Commercial Vehicle | 5% |
| Own Goods | 10% |
| Haulage | 5% |
Surety Bonds
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Bonds | 0-7.5% |
SUS
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Shopsafe | 15% |
| Gourmetsafe | 15% |
| Chipsafe | 15% |
| Miscellaneous Safe | 15% |
| Property Owners | 15% |
| Personal Accident | 10% |
| Personal Accident/Travel | 10% |
| Travel – Individual | 10% |
| Travel – Business | 10% |
| Combined Liability | 12.50% |
| All Others | On Request |
Thomond Underwriting.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Liability | 15% |
| Material Damage & BI | 15% |
| Property Owners | 15% |
| Personal Accident | 10% |
| Personal Accident & Illness | 10% |
| Contractors All Risks | 12.50% |
| Contractors All Risk | 15% (Great American International Insurance DAC) |
| Travel – Individual | 10% |
| Travel – Business | 10% |
| Cyber | 12% |
| Bonds | Varies on Case |
Travellers.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Motor Fleet | Package: 5% Standalone: 5% |
| Property Covers | Package: 5% Standalone: 15% |
| Motor Trade Road Risks | Package: 5% Standalone: 5% |
| Employers Liability | Package 15% Standalone: 15% |
| Public Liability | Package: 15% Standalone: 15% |
| Technology E&O | 20% |
| Cyber Liabilities | Package: 20% /Standalone: 20% |
| Management Liability | Package: 17.50% Standalone: 17.5% |
The Underwriting Exchange.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Liability | 10% |
| OBE Real Estate | 15% |
| OBE Commercial | 10% |
| Probitas | 10% |
| EPU | 15% |
| JRP | 12.50% |
| Axis | 15% |
| Aspen Real Estate | 15% |
| Aspen Commercial | 10% |
Willis- Aviva Scheme.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Asgard Private Car | 10% |
| Asgard Commercial Fleet | 10% |
| Asgard Bus & Coach Fleet & Single | 10% |
| Propsure | 17.50% |
| Property , BI & Money | 15% |
| Liability | 7% |
| Motor | 5% |
Zurich Insurance Plc.
Products
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
| Product | Commission % |
| Commercial Motor Vehicle | 5% |
| Private “All Risks” Policy | 15% |
| Annual Travel Policy | 15% |
| Building in the Course of Erection | 15% |
| Contractors “All Risks” Policy | 15% |
| Commercial Combined Policy | 15% |
| Commercial Liability Policy | 6% – E.L |
| Commercial Liability Policy | 10% – P.L |
| Commercial Liability Policy | 10% – Products |
| Computer “All Risks” Policy | 15% |
| Commercial Motor Vehicle | 5% |
| Combined Property Policy | 12.50% – Fire & Additional Perils, Material Damage All Risks, B.I , All Risks |
| Combined Property Policy | – 15% – Business, All Risks, Book Debts, Burglary, Glass , Money , Marine Cargo- Imp/Exp & Git |
| Private Motor Vehicle | 5% |
| Commercial Combined (U.K.) Pol | 15% |
| Engineering Policy | 15% |
| Farm Fire Policy | 12.50% |
| Fidelity Policy | 15% |
| Fleet Motor Vehicle | 5% |
| Group Personal Accident Travel | 15% |
| Household | 15% |
| Household DA | 20% |
| Legal Expenses | 25% |
| Combined Caravan/Mobile Home | 15% |
| Marine Policy | 17.50% |
| Motor Traders Internal Policy | 10% |
| Personal Accident Policy | 15% |
| Group Personal Accident Policy | 15% |
| Private Dwelling House Policy | 15% |
| Private Motor Vehicle | 5% |
| Personal Accident Travel Pol | 15% |
| Personal Accident Road & Rail | 15% |
| Apartment Block Policy | 15% |
| Motor Traders Combined – 5% – (MIA and MIB 10%) | 5% – (MIA and MIB 10%) |
| Guest House “All In” Policy | 15% |
| Office Policy | 15% |
| Tradestar-Property Owners | 15% |
| Residential Care Home Policy | 15% |
| Shops Policy | 15% |
| Small Craft/ Yacht Policy | 15% |
| Farm Policy Broker Household | 12.50% |
| 15% | |
| Broker Household DA | 20% |
| Mini Fleet Vehicle | 5% |
| Tradestar Office | 15% |
| Professional Indemnity | 15% |
| Tradestar Property Owners | 15% |
| Tradestar Shop | 15% |