PIBA is the largest Broker representative body in Ireland and currently has a membership of approximately 880 Brokerage firms. PIBA is the national voice for Insurance and Financial Brokers and provides members with a strong, well resourced association that firmly represents and protects their interests in every area that impacts on their business.
PIBA recognises that in today's business climate a strong public presence and an accessible network of local Brokers is vital for consumers. The association continuously works to promote the awareness and status of Brokers through projects such as the PIBA led Financial Broker Brand initiative.
PIBA members are not tied to any one company and pride themselves on the impartiality of the advice offered to consumers; enabling them to give an unrivalled service compared to any direct operator in the market.
In an increasingly complex financial marketplace, consumers benefit from the choice, professional advice and service provided by impartial Insurance and Financial Brokers. These Brokers assess a consumer's needs; research the market; give product comparisons based on consumer needs and objectives; and recommend the most appropriate products to address short, medium and long-term financial goals.
PIBA is run by a voluntary committee voted upon annually at the AGM. The executive is comprised of Chief Executive, Diarmuid Kelly and permanent staff, based in Crumlin, Dublin. The current Chairman is Liam Carberry (Liam Carberry Financial Planning Services).
Since its establishment in 1995, one of the major achievements of PIBA was to instigate agency agreements with the major life assurance companies in Ireland. This was a remarkable achievement and, for the first time, the rights of the Broker over his business were defined in an explicit agreement with a Life Office. 8 agency agreements are now in place with the main Life Offices.
The areas of legislation and regulation remain a key priority and PIBA will continue to lobby on behalf of its members. PIBA works closely with the Central Bank of Ireland, the Department of Finance and Financial Services Ombudsman to ensure that both Broker and Consumer interests are protected in any compliance or regulatory changes.
Our compliance unit provides members with a comprehensive service encompassing a document review facility, a telephone compliance support facility, access to the PIBA Compliance Manual (including template documents & procedures) and the provision of regular updates and guidelines on regulatory changes applicable to a Broker's business.
Members can also avail of other significant benefits including:
- free CPD events
- group and individual support and representation
- enhanced affinity and business development schemes
- discounted rates for PI
- access to our Mortgage packaging facility (PIBA Mortgage Services)