Remuneration

Kingfisher Motorsport (Ireland) Ltd act as an 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, however there is only one that applies to our terms of business arrangements:

• 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.

Detail on the providers we work with, the products we sell and the maximum commissions available to us are outlined in the tables below.

General Insurance (Non-Life) 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.

Other Fees, Administrative Costs/ Non-Monetary Benefits

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.

The firm does not apply administrative costs and is not in receipt of any non-monetary benefits.

Our Providers, Products & Commissions

Allianz Global Corporate & Speciality

Carroll & Partners Ltd

Aviva Insurance Limited

Ornella Underwriting Limited

Arthur J Gallagher (UK) Ltd