Ivernia Insurance

What Ivernia Insurance does

Ivernia Insurance Ltd. is a Republic of Ireland-focused Managing General Agent (MGA) headquartered at Ivernia House in Sandyford, Dublin 18. Operating under delegated authority from rated capacity providers and regulated by the Central Bank of Ireland (Registered Number 298455), the company underwrites personal lines insurance distributed exclusively through a network of registered Irish insurance brokers. End customers are individual Irish consumers and small commercial vehicle owners, reached via a B2B2C broker model rather than direct-to-consumer channels.

Ivernia's product set comprises four core lines: Ivernia Total and Ivernia Protect (private motor insurance in Third Party/Fire & Thef t and Comprehensive variants, with breakdown assistance, windscreen cover, personal accident, legal expenses, and loss of personal belongings bundled in as standard); Ivernia Home Plus (buildings and/or contents cover for owner-occupiers with Emergency Home Assist bundled in); and Ivernia Van Insurance (comprehensive or TPFT for commercial vehicles). Core technology is a centralised data lake supporting pricing, underwriting, and portfolio management, accessed by brokers through a dedicated broker portal for quotations and policy servicing. Underwriting risk is carried by capacity partners including Accredited Insurance (Europe) (A- rated), Arch Insurance (EU) dac (A+), Zurich Insurance (AA), and AIG, with ARAG providing legal expenses and Mawdy Assistance providing breakdown services.

Revenue is generated via recurring insurance premiums passing through the delegated-authority arrangement; specific premium and commission economics are not disclosed. The operating team is small (1-10 employees), but the management bench is disproportionately experienced: CEO Cecilia Cheuk (Fellow of the Society of Actuaries in Ireland; prior senior roles at RSA Insurance Ireland, Willis Towers Watson, and Allianz Ireland) leads an underwriting, pricing, and claims organisation staffed by veterans from Aviva, Zurich, FBD, AA Ireland, and Footprint Underwriting, with Phil Bradley (former CEO of AXA Ireland 2015-2022) as Chair. The strategic posture is one of disciplined personal-lines underwriting, broker-led distribution, and controlled growth funded through rated carrier capacity rather than equity capital.

Name

Ivernia Insurance

Legal name

Ivernia Insurance Ltd.

Website

https://ivernia.ie

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Ivernia Insurance Ltd. is a Dublin-based Managing General Agent (MGA) that underwrites personal motor, home, and van insurance for the Republic of Ireland market, distributing products exclusively through a panel of registered insurance brokers under delegated authority arrangements with rated capacity providers.

Ownership category

akta.pro rank

Product category

Personal Lines Insurance Underwriting

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Personal lines insurance
• Managing general agent
• Motor insurance underwriting
• Home insurance products
• Broker distribution

Headquarters

HQ city

Sandyford

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Insurance Premium Revenue: Ivernia Insurance generates revenue through insurance policy premiums collected from consumers via broker distribution. The company offers motor insurance (Ivernia Total and Ivernia Protect), home insurance (Ivernia Home Plus), and van insurance products. Premiums are collected on a recurring basis aligned with policy terms.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Ivernia Insurance is an Irish underwriting agency operating as a Managing General Agent (MGA) that underwrites and distributes personal lines insurance products — private car (Ivernia Total, Ivernia Protect), home (Ivernia Home Plus), and van insurance — exclusively through a network of registered insurance brokers in the Republic of Ireland. The company operates under delegated authority arrangements with rated insurer capacity providers.

Product overview

Ivernia Insurance is a specialist personal lines Managing General Agent (MGA) operating across Motor, Home, and Commercial Motor. The company offers four distinct insurance products: Ivernia Total and Ivernia Protect (private car/motor insurance with Third Party, Fire & Theft, and Comprehensive cover options), Ivernia Home Plus (buildings and/or contents home insurance for owner occupiers), and Ivernia Van Insurance (commercial vehicle coverage). All motor products include breakdown assistance, windscreen cover, personal accident, legal expenses, and personal belongings cover as standard benefits. The business operates through broker partnerships, working with insurer capacity providers under delegated authority arrangements.

Differentiator

Problem solved

Functional benefit

Brands

• Ivernia Total: Private car insurance product offering Third Party, Fire & Theft or Comprehensive cover with benefits including Breakdown Assistance, Windscreen Cover, Personal Accident, Legal Expenses and Cover for Loss of Personal Belongings.
• Ivernia Protect
• Ivernia Home Plus
• Ivernia Van Insurance

Products and services

• Ivernia Total

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Accredited Insurance (Europe) LimitedcoreOthersAccredited Insurance (Europe) Limited provides non-life capacity solutions within the European Union. Based in Malta and regulated by the Malta Financial Services Authority, with financial strength rating of A- from A.M. Best. Regulated by the Central Bank of Ireland for conduct of business rules.
• Arch Insurance (EU) daccoreOthersArch Insurance (EU) dac specialises in creating tailored non-life insurance solutions within the European Union. Based in Dublin, regulated by the Central Bank of Ireland (Ref: C90125), with financial strength rating of A+ from Standard & Poor's Rating Services.
• Zurich InsurancecoreOthersZurich Insurance plc is an Irish insurance company originally incorporated in 1950, part of Zurich Insurance Group. Largest composite insurer in Ireland across general and life insurance with Standard & Poors AA financial strength rating.
• AIGcoreOthersAIG is part of AIG Inc., a world-leading property-casualty and general insurance organisation with 90-year history, serving more than 40 million insurance clients in over 160 countries and jurisdictions. Authorised by the Luxembourg Ministère des Finances and supervised by the Commissariat aux Assurances.
• ARAGcoreOthersARAG Ireland operates as part of the ARAG Group, the 19th country of operation. Offers legal insurance products for private individuals and commercial enterprises with gross premium income of about 6 million euro representing roughly 60% of the legal insurance market in Ireland.
• Mawdy AssistanceminorOthersMawdy is a global insurance, reinsurance and services company operating in Ireland since April 1991. Based in Galway with a network of over 200 assistance providers across the country offering motor breakdown assistance. Recognised with ITIJ 2005 Award and ISO 9001 certified.
• La Parisienne AssurancesminorOthersLa Parisienne Assurances designs bespoke Property and Casualty insurance solutions for business partners throughout Europe.

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• FBD Insurance: One of Ireland's largest domestic personal and farm-lines insurers. Comparable as a major Irish personal-lines underwriter; serves as a benchmark competitor for Ivernia's motor and home products.
• Zurich Insurance Ireland: Largest composite insurer in Ireland (general + life), AA-rated by S&P. Both a competitor and a capacity provider for Ivernia; comparable as a personal-lines carrier in the same Irish market segments.
• Liberty Insurance (Ireland): Irish personal-lines insurer with a strong motor and home proposition distributed through brokers. Comparable as a direct competitor for the same broker-driven personal-lines customers that Ivernia targets.
• Aviva Insurance Ireland: Large Irish composite insurer with significant personal-lines exposure. Comparable on product overlap (motor/home) and as a claims leadership alumni path for Ivernia's Head of Claims.
• AXA Insurance Ireland: Major Irish P&C and personal-lines insurer, formerly led by Ivernia's current Chair Phil Bradley. Comparable as a broad personal-lines incumbent whose product set overlaps Ivernia's motor/home/van focus.
• Allianz Insurance Ireland: Major Irish personal-lines and commercial insurer that has historically provided early-career experience for multiple Ivernia leaders. Comparable as a broad P&C incumbent competing for the same broker-distributed personal-lines business.

Emerging players

• Be Wiser Insurance: UK/Ireland broker and personal-lines distributor where Ivernia director Mark Cliff has held a board position. Comparable as a personal-lines broker/distributor operating in adjacent UK and Irish markets with overlapping target customers.

Direct peers

• Chill Insurance: Irish personal-lines broker/underwriting agency distributing motor and home cover online and through broker partners. Notably, Ivernia director Padraig Lynch founded Chill's predecessor (insureme.ie), making it a direct operational comparator.
• Footprint Underwriting: UK/Ireland managing general agent focused on specialty motor and personal lines. Comparable as an MGA with delegated authority, motor-portfolio expertise and former-employer pedigree of Ivernia's Head of Underwriting.
• AA Insurance Ireland: Irish personal-lines insurer/MGA distributing motor, home and van cover directly and through brokers. Directly comparable as a multi-line personal lines provider in the Republic of Ireland market where Ivernia's Head of Pricing previously led analytics.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ivernia-insurance

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ivernia Insurance