A Full Member of Insurance Ireland is an entity as defined under the Insurance Ireland Constitution
and as described in the Rules Relating to Admission to Full Membership of Insurance Ireland
. In summary, these entities are insurers carrying on insurance business in the Republic of Ireland; and captive managers that carry on business in Ireland. Captive managers are defined as firms to which the board of a captive insurer has delegated, by way of contract, the management and administrative functions of the captive insurer.
An Associate Member is an entity that as defined in the Terms and Conditions of Associate Membership Insurance Ireland
. In summary, these are entities that are not eligible to become a Full Member of Insurance Ireland, but which offer services in the insurance sector in Ireland or which demonstrate an intention to do so and whose interests or objectives are related to or shared with Full Members of Insurance Ireland. Such entities may include inter alia: loss adjusters; intermediaries who act as underwriting agents, enter into insurance contracts and/or appoint retail agents on behalf of insurance undertakings under a delegated authority; entities which have an insurance undertaking as a carrier; technology/ legal/ advisory/ consulting firms which provide services to insurance undertakings and entities providing outsourced control functions to insurance undertakings.