Insurance Institute of Ireland
 | |
| Abbreviation | III |
|---|---|
| Formation | 1885 |
| Type | Professional training and education body |
| Headquarters | Dublin, Ireland |
Region | Ireland |
Membership (2019) | 17,500 |
| Website | www |
The Insurance Institute of Ireland (III) is a professional training and education body for the Irish insurance sector.[1] It was founded in 1885.[2] The institute is involved in establishing and maintaining standards of professionalism, providing education, and delivering training for the general insurance market in Ireland.[citation needed]
As of 2019, it had a membership of over 17,500 individuals across the country. The III has regional branches in Dublin, Cork, Limerick, Galway and Sligo.[3] The Cork institute was established in 1923.[4] The III publishes The Insider magazine.[5] It is a nominating body for the Industrial and Commercial Panel at the Seanad Éireann elections.[6]
Some documents pertaining to the Insurance Institute of Ireland are stored in the National Library of Ireland.[7]
History[edit]
James Law of the Crown Life Assurance Company (located at 46–47 Dame St, Dublin City) sent out proposals on 22 May 1885 to insurers for the purpose of forming an Insurance Institute of Ireland.[8] On 1 June 1885, the first meeting in which the Insurance Institute of Ireland was founded took place at 2–4 College Green, Dublin, then home of the National Assurance Company of Ireland.[9] In 1924, it was described as the third-oldest institute for the insurance sector on the British Isles.[10]
During an April 1936 parliamentary debate, Patrick McGilligan, in criticism of the political outlook of Seán Lemass, then Minister of Industry and Commerce, referenced a quote made by him whilst addressing a meeting of the Insurance Institute of Ireland in December 1935.[11]
In May 1986, Alan Dukes, speaking in an Oireachtas debate, declared that the then president-elect of the Insurance Institute of Ireland informed attendees at an assembly that a decrease in criminal activity had been evident in the reduced frequency of claims for insurance related to specific criminal activities, such as robbery.[12]
According to the III's website, it had approximately 17,500 members as of 2019.[13]
Denis Casey, former group chief executive of Irish Life & Permanent, who according to the Irish Independent in 2024 "was convicted of a €7.2bn conspiracy to defraud, after the longest criminal trail in Irish history", had previously been involved in the Insurance Institute of Ireland.[14]
References[edit]
- ^ "Insurance Institute of Ireland". Practical Law. Retrieved 2024-03-29.
- ^ Thom's Irish Almanac and Official Directory of the United Kingdom of Great Britain and Ireland. A. Thom. 1903.
- ^ "Insurance industry no longer a faceless one, says Insurance Institute president". advertiser.ie. Galway Advertiser. 27 March 2014. Retrieved 2024-03-29.
- ^ "SPONSORED: Insurance Institute of Cork: A century of professional growth and career opportunities". Irish Examiner. 2024-01-26. Retrieved 2024-03-29.
- ^ The Insider. Issue 16. Insurance Institute of Ireland (2020).
- ^ Register of Seanad nominating bodies
- ^ "Search Results - "Insurance Institute of Ireland"". digital.nli.ie. Retrieved 2024-03-29.
- ^ "Crown Life Assurance Company, 46-47 Dame Street, Fownes Street Upper, Dublin 2, Dublin". Buildings of Ireland. Retrieved 2024-03-29.
- ^ "Yorkshire Chambers originally Daly's Clubhouse, 2-4 College Green, Dublin 2, DUBLIN". Buildings of Ireland. Retrieved 2024-03-29.
- ^ News Letter. Insurance Society of New York. 1924.
- ^ "In Committee on Finance. - Estimates for Public Services. Vote 57—Industry and Commerce (Resumed). – Dáil Éireann (8th Dáil) – Wednesday, 29 Apr 1936 – Houses of the Oireachtas". www.oireachtas.ie. Houses of the Oireachtas. 1936-04-29. Retrieved 2024-03-29.
- ^ "Ceisteanna—Questions Oral Answers. - Domestic and Business Insurance. – Dáil Éireann (24th Dáil) – Thursday, 22 May 1986 – Houses of the Oireachtas". www.oireachtas.ie. Houses of the Oireachtas. 1986-05-22. Retrieved 2024-03-29.
- ^ "The Insurance Institute is 'Guaranteed Irish'". blog.iii.ie. The Insurance Institute. Retrieved 2024-03-29.
- ^ "The stellar rise and stunning fall of Denis Casey". Irish Independent. 2016-06-11. Retrieved 2024-03-29.