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Industry needs one voice as election looms, Suncorp says

Insurers and brokers must present a clear and united voice on important issues in the run-up to September’s federal election, according to Suncorp Commercial Insurance CEO Anthony Day.

The industry needs to shape its own destiny, “otherwise it will be shaped by others”, he told the Steadfast Convention in Sydney today.

Insurers – through the Insurance Council of Australia – have grown better at presenting a united front on issues such as affordability, mitigation and disaster recovery, Mr Day says.

The National Disability Insurance Scheme (NDIS) is a good example of an area in which the industry can add value to government and community debates.

“As the NDIS continues to take shape, the industry needs to demonstrate that we do have an interest in getting the best result for the whole community and that we have something positive to contribute.”

Some insurers, brokers and industry bodies hold discussions with state and federal governments, but the industry must be in regular, consistent dialogue with ministers and bureaucrats to help them understand issues and find solutions, Mr Day told a panel discussion at the convention.