What NBS Ireland does

NBS Ireland is an Irish Managing General Agent (MGA) trading as NBS Commercial Limited, regulated by the Central Bank of Ireland (registration C441712) and headquartered in Dublin. The firm underwrites and distributes a portfolio of more than 20 specialist commercial and SME insurance lines — including Construction, Commercial Combined, Professional Indemnity, Licensed Trade (pubs, nightclubs, late-night bars, live music venues), Food & Eateries, Hotel & Guest House, Retail, Petrol Station, Property Owners, Hair & Beauty, Sports/Gyms/Social Clubs, and Care Home cover — exclusively through a curated network of Irish insurance brokers. Capacity is supplied through a long-term partnership with Accelerant Agency Ltd providing A-rated security across the product range, with claims handled by Leeson Claims Services Ireland.

The business operates a SchemeServe-powered online quoting and policy administration platform that allows registered brokers to obtain instant quotes, manage policies, and access documentation. In 2026 the firm began rolling out an AI-enabled submission technology that ingests emailed manual proposal forms, extracts key fields, and maps them onto the portal question set — initially for Professional Indemnity and extending to Pub and Commercial Combined, with planned integration into broker e-trade platforms such as Acturis. Pricing and revenue mechanics consist of MGA retained commissions ranging from 12.5% to 15% per product plus policy fees of €50–€500; commissions were restated effective 1 January 2026.

Commercially, NBS Ireland earns commissions and policy fees by matching broker-submitted risks to carrier capacity; broker development consultants and underwriters support complex case referrals, while add-on services (e.g., complimentary legal advice via Leeson Legal for PI policyholders) extend the value proposition. The firm is privately held, exhibits high retention (80%+ renewals) and broker satisfaction (8.21/10 overall), and pursues growth via vertical product expansion, capacity limit increases, and technology-driven workflow improvement rather than geographic or acquisition-led scale.

Name

NBS Ireland

Legal name

NBS Commercial Limited

Website

https://nbsireland.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

NBS Ireland is an Irish Managing General Agent (MGA) trading as NBS Commercial Limited that underwrites and distributes specialist commercial and SME insurance products — including Construction, Professional Indemnity, Licensed Trade, Food & Eateries, Retail, and Care Home cover — exclusively through a curated network of Irish insurance brokers, supported by A-rated Accelerant capacity and a SchemeServe quoting platform.

Ownership category

akta.pro rank

Product category

Managing General Agent / Commercial Insurance Underwriting

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD)

akta.pro secondary industry

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)

Keywords

• Commercial insurance brokerage
• Managing general agent
• Specialist commercial insurance
• Broker distribution network
• Professional indemnity insurance

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Managing General Agent Commission: NBS Ireland acts as a Managing General Agent on behalf of insurers. They earn commission from insurers (ranging from 12% to 15% retained commission depending on product), and pay a portion of this to retail insurance intermediaries. They also earn policy fees ranging from €50 to €500 for new business/renewals depending on product type.
2. Policy Fees: Fees charged for new business and renewal policies, ranging from €50 to €500 depending on product type. Mid-term adjustments are nil and cancellation fees are nil.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

NBS Ireland is a specialist Managing General Agent that designs and underwrites a portfolio of commercial and SME insurance products and distributes them exclusively through a carefully selected network of insurance brokers in the Republic of Ireland. The portfolio spans Construction, Commercial Combined, Professional Indemnity, Licensed Trade (Public House, Nightclub, Late Night Bar, Live Music Venues), Food & Eateries, Hotel & Guest House, Retail, Petrol Station, Commercial Property Owners, Hair & Beauty, Sports Clubs/Gyms/Social Clubs, and Care Home insurance. Underwriting and policy administration is delivered through the SchemeServe online platform, supported by a team of empowered in-house underwriters and development consultants, with claims handled by Leeson Claims Services Ireland.

Product overview

NBS Ireland is a Managing General Agent (MGA) specialising in commercial insurance products distributed exclusively through insurance brokers in Ireland. The company offers a portfolio of specialist insurance products backed by A-rated capacity from Accelerant, designed specifically around broker needs. The core product portfolio includes Construction Insurance, Commercial Combined Insurance (covering 250+ trades), Professional Indemnity Insurance (covering accountants, architects, engineers, surveyors, design & construction, and miscellaneous professions up to €6.5 million), and a comprehensive range of Licensed Trade Insurance products (Public House & Gastro Pub, Nightclub, Late Night Bar, Live Music Venues & Gentlemen's Club). The Food & Eateries suite covers Restaurant, Takeaway, Cafe & Sandwich Shop, and Fish & Chip Shop Insurance. Additional products include Hotel & Guest House, Retail, Petrol Station, Property Owners, Hair & Beauty, Sports Club, Gym, Social Club, and Care Home Insurance. The company operates the SchemeServe online quote platform for broker self-service quotations and policy management.

Differentiator

Problem solved

Functional benefit

Products and services

• Construction Insurance Flexible underwriting solutions and policy wording tailored for construction industry workers, covering trades such as bricklaying, carpentry, electrical, plumbing and civil engineering with Employers Liability and Public/Products Liability coverage; for construction trade businesses placed via NBS Ireland's broker panel.
• Commercial Combined Insurance Wide-ranging cover for commercial risks across 250+ trades and industry sectors, for businesses with up to 10 locations and total sums insured up to €15 million per single risk, backed by A-rated capacity from Accelerant; for commercial businesses across property owners, manufacturers, wholesalers and service providers placed via broker panel.
• Professional Indemnity Insurance Protection for professionals from losses arising from legal liability incurred in the performance of professional services, covering accountants, architects, design & construction professionals, engineers, property professionals, surveyors, and miscellaneous professions with limits up to €6.5 million; for professional services firms placed via broker panel.
• Public House & Gastro Pub Insurance Bespoke package for public houses including independent free houses, national chains, wet venues and gastro pubs, with accidental damage as standard covering family pubs, venues with cooking facilities, entertainment pubs, and pubs with outdoor play areas; for licensed trade venues placed via broker panel.
• Nightclub Insurance Specialist insurance for nightclubs and entertainment venues operating in a high-risk category, covering sound, video, lighting equipment and loss of licence with competitive premium levels; for nightclub operators placed via broker panel.
• Late Night Bar Insurance Insurance for late-night bars considered high-risk by insurers, providing comprehensive cover with competitive premium levels and discounts for well-managed risks; for late-night bar operators placed via broker panel.
• Live Music Venues & Gentlemen's Club Insurance Bespoke cover for live music venues and gentlemen's clubs operating within strict regulatory environments, covering sound, video, lighting equipment and loss of license; for live music venue and gentlemen's club operators placed via broker panel.
• Restaurant Insurance Tailored restaurant insurance packages covering premises with flat roofs, city-centre locations or high sums insured, supporting cuisines from seafood to Thai and various venue sizes; for restaurant operators placed via broker panel.
• Takeaway Insurance Comprehensive policy for fast food establishments covering heavy frying activities, extended opening hours, deep fat frying capabilities and city-centre locations with high sums insured; for takeaway operators placed via broker panel.
• Cafe & Sandwich Shop Insurance Quality insurance product for cafes, local sandwich shops, coffee shops, tea shops and chains of coffee shops with comprehensive policies tailored to business needs; for cafe and sandwich shop operators placed via broker panel.
• Fish & Chip Shop Insurance Policy developed for fish and chip shop industry needs, covering smaller operations through to larger restaurants with high-value business equipment replacement coverage; for fish and chip shop operators placed via broker panel.
• Hotel & Guest House Insurance Bespoke hotel and guest house insurance packages with accidental damage as standard, covering small to large hotels, guest houses, bed & breakfasts, and inns with optional add-ons; for hotel and guest house operators placed via broker panel.
• Retail Insurance High quality, tried and tested insurance for retail businesses on high streets, shopping centres and retail parks, tailored exactly to clients' needs; for retail businesses placed via broker panel.
• Petrol Station Insurance Comprehensive insurance solutions for petrol stations covering fuel storage, 24-hour trading, fire hazards and high customer footfall with coverage options for buildings, contents, pumps, underground tanks and tobacco, with sum insured up to €10 million per location; for petrol station operators placed via broker panel.
• Commercial Property Insurance Specialist commercial property insurance covering multiple locations including commercial and residential properties on a single policy, covering offices, retail spaces, warehouses and manufacturing facilities across 500+ tenant and trade types; for property owners placed via broker panel.
• Hair & Beauty Insurance A-rated capacity insurance for hairdressers, barbers, beauty salons, nail studios and tanning studios covering treatments, sunbeds, and sale of cosmetic, beauty and hair products; for hair and beauty operators placed via broker panel.
• Sports Club Insurance Specialist cover for sports clubs including Gaelic football, hurling, cricket, football, rugby, hockey, racquet sports, martial arts and boxing clubs with tailored protection for individual club needs; for sports clubs placed via broker panel.
• Gym Insurance Sports club insurance product specifically designed for gyms and health & fitness clubs including 24-hour operations, with customisable coverage matching specific requirements; for gyms and fitness club operators placed via broker panel.
• Social Club Insurance Specialist product for social clubs including village halls, community centres and political clubs with cover tailored to varied needs and risks including heavy outbuildings, event hire, live music and door staff; for social club operators placed via broker panel.
• Care Home Insurance Specialist insurance for care home operators covering privately owned nursing homes and elderly care homes, with protection for property, liability, business interruption and care-sector risks, prioritising strong HIQA ratings; for care home operators placed via broker panel.
• Professional Indemnity Insurance — Accountants Professional Indemnity cover for accountants up to €2.5 million on Primary or Excess Layer basis with A-rated capacity from Accelerant, with Chartered Accountants Ireland Approved Insurer status; for accounting firms placed via broker panel.

Quantifiable outcome

• Over 80% renewal rate, exceeding typical market range of 70-80%
• +4 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Leeson Claims Services IrelandcoreStrategic or Co-development PartnerFirst notification of loss and ongoing claims management provided by Leeson Claims Services Ireland. Manages claims from start to finish, contacted directly by loss adjusters following notification through NBS system or phone. Located at 68 Merrion Square South, Dublin 2.
• Leeson LegalminorStrategic or Co-development PartnerSpecialist professional indemnity solicitors providing free document review and legal advice on collateral warranties and appointments for PI policyholders, as well as a free legal advice helpline. Additional commercial legal advice available at concessionary rates. Contact: +353 (0)1 485 2989, [email protected]
• Managing General Agents' Association (MGAA)minorOthersNBS Ireland is a proud member of the MGAA, giving brokers added peace of mind that NBS operates under industry standards and best practices.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Griffiths & Armour: UK specialist broker focused on professional indemnity for design and construction professionals. Comparable to NBS Ireland's Professional Indemnity vertical, particularly in D&C and miscellaneous professions.

Broad incumbents

• Chubb Ireland: Global specialty insurer with presence in Ireland offering commercial and professional lines through brokers. Comparable as a specialty commercial carrier competing for similar broker-distributed SME and professional risks.
• Hiscox Ireland: Specialist commercial insurer with a strong SME and professional indemnity franchise in Ireland. Comparable to NBS Ireland in serving commercial and professional lines via broker distribution.
• Aon Ireland: Global insurance broker with significant Irish operations placing commercial risks. Comparable as a major broker intermediary in the Irish market, though larger and broader than NBS Ireland's curated broker model.
• Aviva Ireland: Large composite insurer in Ireland providing commercial, hospitality, and SME lines. Comparable as a broad incumbent that distributes commercial products through brokers in the same Irish market.
• Allianz Ireland: Major general insurer in Ireland offering commercial, construction, hospitality, and SME products through brokers. Comparable as a broad incumbent competing for the same Irish broker-distributed commercial book.
• Accelerant: Capacity provider and MGA enabler working with multiple specialty MGAs globally. Comparable as an MGA operating partner and also serves as NBS Ireland's key capacity backer, with potential overlap in underwriting expertise and platform services.

Regional players

• Broker Network: UK-based insurance broker network providing commercial products to member brokers. Operates a similar curated-broker distribution model to NBS Ireland but in the UK market.

Direct peers

• Arachas: One of Ireland's largest independent commercial insurance broker groups, distributing commercial lines through a broker network. Highly comparable to NBS Ireland in serving Irish SMEs and commercial clients via broker intermediation.
• Bspoke Insurance: Irish specialist commercial insurance broker network offering tailored commercial products to SMEs. Comparable to NBS Ireland in target market (Irish commercial brokers and SMEs) and curated product portfolio model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nbs-ireland

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 NBS Ireland