Commissions Disclosure

Consumer Protection Code 2012 (CPC). Commission Disclosure 4.58A


Provision 4.58A of the Consumer Protection Code 2012 requires all intermediaries to make available on its website, a summary of the details of all arrangements for any fee, commission, other reward or remuneration paid or provided to the intermediary which it has agreed with product producers. To enable us to fulfil our obligations under the CPC and make available in a manner which seeks to inform consumers, we are introducing onto the website this summary of the arrangements for fees, commission and if relevant other rewards or remuneration which is receivable and which Rokstone Insurance Europe Ltd T/A iSure Underwriting and iFarm Underwriting pays to our brokers, per product.

This Document is intended to allow the brokers with which we engage to comply with their own obligations in relation to dealings with Rokstone Insurance Europe Ltd (The Firm).

Commissions/remuneration payable to the producing broker: (CPC amendment 4.58 disclosure)

The income of the Firm is commission allowed from the GWP by the regulated Insurer on behalf of which we underwrite and distribute. That commission is split between the Firm and the clients appointed broker.

The agreed rate of commission to the producing broker shall average not more than the below based on the type of product;

  • Shop - 15%

  • Tradesman - 15%

  • Property Owners 19%

  • Commercial Combined 16%

  • Unoccupied Property Owners 15%

  • Contractors 15%

  • Farm 15%

This has been assessed as appropriate against market norms and shall not create any conflict of interest for the producing broker.


The Firm charges a nominal administration fee of €50 on premiums up to €1,000 and €60 on premiums over €1,000 from Policyholders.

All self-build products will incur a standard €50 fee.

Commission/remuneration to the firm

The Insurer product producer (appointments held with Accelerant Insurance Europe SA) will allow commission on Gross Written Premium (GWP). The commission on a transaction or policy is variable. We share the commission with the Policyholders appointed broker (the Producing broker). Ordinarily, it is 12.5%

As we assess and price risks on behalf of the Insurer, we may earn a conditional profit share commission retrospectively, several years after the close of the business year.

Profit commission (payable retrospectively on successful underwriting results)

The firm may also earn an additional payment known as profit share. This is payable retrospectively by the Insurer, several years after the close of the business year (allowing for development of claims after the Period of Insurance), in the event that the Underwriting performance is better than agreed triggers.

This will not be shared with producing brokers and no conflict of interest shall so arise. This profit commission when payable may adjust the firm's earnings on a sliding scale to a maximum upside of an additional 1-2% of commission on GWP. This income is highly conditional and is typically payable 24-36 months after the close of the Underwriting Year, and subject to repayment on subsequent deterioration of results on the Underwriting Year on which it is payable.

Non-monetary benefits

These are deemed to be any benefits, which are not related to the intermediary's individual sales. The Firm may provide training and host meetings for information transfer with producing brokers. For the avoidance of doubt such meetings may include hospitality of a nominal and proportional value which shall not create any conflict of interest or particular incentive for the producing broker.