Welcome to Pembroke Insurances


  Contact : 01-7998899

How we are paid for the professional expertise we provide to you our client.

General Insurance: Insurance Intermediary

We will be remunerated for the General Insurance services we offer you our client, in a number of ways:

  • By commission, fee, and other types of remuneration earned from Insurers and Product Producers with whom orders are transmitted.
  • This payment is earned by us for the work we undertake on behalf of the Insurer and Product Producer and by you our client as we offer advice and facilitate transactions on your behalf with the Insurers.

What is Commission?

  • Commission is the payment which may be earned by us for the work we undertake on behalf of the Insurers Product Producers and by you our client as we offer advice and facilitate transactions on your behalf with the Insurers and Product Producers. Commission is usually paid as a percentage of the premium paid.

Types of Commission Payments

Name of Commission Payment Description of Commission Payment
Single Commission Payment payment is based on a percentage of the premium paid.
Initial Commission Payment payment is based on a percentage of the premium paid.
Indemnity Commission Payment payment is made before the commission is deemed to be earned, so in advance. Indemnity commission may be subject to a clawback* (obligation to repay unearned commission previously paid) should a client lapses or cancels the product before the commission is deemed to be earned.

What is a Fee?

  • A fee is a payment for Professional Services and Expertise
  • A fee can be paid by our client directly for the professional services we provide.
  • Fees may be charged on an hourly rate. This will always be discussed and agreed in writing in advance of any work being undertaken on a client’s behalf. A combination of Commission and Fee is an option available to our clients in paying for our services.
Professional Advisor Professional Fee (Hourly Rate Ex VAT)
Directors €250.00
Accounts Executive/ Qualified Financial Advisers €150.00
Support Staff €80.00
  • Professional Fees are non-refundable in the event that a policy is cancelled.
  • A non-refundable flat Fee may also be payable to us for the following Administrative services:

Schedule of Fees

Initial Fee Renewal Policy Alterations / Cancellation
Motor Up to a max of €50 Up to a max of €50 Up to a max of €25
House Up to a max of 100% Up to a max of 100% Up to a max of 100%
Commercial Up to a max of 100% Up to a max of 100% Up to a max of 100%
All Product Lines A fee of €20 will be charged for all duplicate documentation.

Other types of payment/remuneration

  • We may earn a non-monetary benefit which we will only accept if it enhances the quality of our service to you our client. For example: attendance at a product seminar or assistance with branding, IT support etc.
  • 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.
  • Insurers and Product Producers may offer our Company preferred rates, which in turn offer our clients a more competitively priced product.
  • Profit Share Arrangements: In some cases, we may be a party to a profit-share arrangement with a product producer and may earn an additional payment. Any business arranged with these product producers on our client’s behalf will be placed with the product producer because at the time of placement, they were the most suitable to meet our client’s requirements, taking all the client’s relevant information, demands and needs into account.

How might the various forms of Commission apply to the different products?

Life Assurance Company: Life Assurance, Investments and 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.

Life Assurance Company: Life Assurance, Investments and Pension Products

General Insurance Products, such as (but not limited to) Personal Lines: Motor, Home, Travel, Health, Commercial Motor, Retail or Liability insurance and Property Insurance, are typically subject to a Single/Initial Commission, with payment based on the amount of premium charged for the insurance product.Please click on a link below to access a list of the Insurers and Product Producers that our firm holds an Agency Appointment with and the commission options available to our firm.

*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.