Seminar Michael Garvey Chief Executive Officer Introduction To IPB Insurance DUBLIN 2017 IPB Insurance A Legacy of a Nation Born Our History Financial Performance IPB Insurance ID: 632163
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Slide1
AMICE / ICMIF
Mutual & Cooperative Communications
Seminar
Michael Garvey
| Chief Executive Officer
Introduction
To
IPB Insurance
DUBLIN
2017Slide2
IPB
Insurance
A Legacy of a Nation Born
Our HistorySlide3
Financial Performance
IPB
Insurance
€300m+
committed to Members since 2011
Doing more for Members
2016 GWP
€125
million
Market
Share
4%
Liability
Market
Share
15%
Unrivalled
Operational Performance
Out-performing the wider insurance
market
IPB has delivered superior
profitability compared to
the market 2011-2015
(latest available figures)
IPB + €400m
Irish Insurance Market - €216m
Market Excluding
IPB (-€616m)Slide4
€95 Million
Dividends paid to Members
since 2011
………………………………………
IPB
By
the NumbersSlide5
Our Products
We underwrite the following classes:
GENERAL LIABILITY
Public (PL), Employers (EL),
Professional Indemnity (PI)SPECIALITY LIABILITY
Employment Practice Liability (EPL), Environmental Impairment Liability (EIL), Criminal Defence Costs (CDC)
PROPERTY
Property incorporating Material Damage (MD), Business Interruption (BI), Computer, Fidelity Guarantee (FG), Money, Theft, Social Housing, Personal Accident (PA), Marine
MOTOR
Motor
Fleet, Private Motor
(Accommodation Business)
Coherent
Enterprise
Product
Solution
IPB
Insurance
A Leading Liability InsurerSlide6
Our Commitment – Risk Management Advisory
15 Risk Conferences
30+ Seminars
30 Risk Guides
2,000+ Member Delegates
Serious Incident Management Team
Health & Safety Management Mobile Apps
IPB
Insurance
Value
Added
Services
Doing more for Members
Suite of Risk
Management
ToolsSlide7
Our People – Our
Culture
- Our Mutual
Values
IPB
Insurance
Ethos
Of Mutuality
Doing more for Members
Attracting the best people
available promoting the
ethos of mutuality and
creating a great place to
work
Our Mutual Values aimed at fostering the right
behaviours consistent with
the values of mutuality and focus on Members
Protecting the heritage and expertise with the mutual
and continuing to build on
the company’s proud legacySlide8
Our Strategic Focus
2017-19 – Member-focused Initiatives
Retained
Earnings
Distribution
Value for
Money
Review
Independent review
found
IPB provided Members
with good value for money
IPB offered a wide range of covers unlikely to be
provided from just one insurer in the Commercial market place
€200 million Retained
Earnings Distribution to Members
The success of the mutual for Members has provided capacity to distribute
retained earnings to
Members
€95 million in Member
Dividends also committed since 2011
€11 million in social
Dividends since 2011
IPB offered a wide range of value added services not readily available in
the market
IPB
Insurance
€300m+committed to Members since 2011Doing more for MembersSlide9
Michael Garvey
|
Chief Executive Officer
IPB Insurance
DUBLIN
2017
THANK YOU
ANY QUESTIONS?