The Broker
‘Possibly problematic’: brokers cautious over commissions consent proposal
03 November 2022
Brokers have concerns over a proposal requiring retail clients to provide written consent giving them the go-ahead to receive commissions, cautioning the measure is “possibly problematic”.
Gallagher reports strong growth in Australia, NZ businesses
03 November 2022
Broker Gallagher says its Australia and New Zealand business performed well in the third quarter, achieving combined organic growth of 9% for the July-September period.
AUB expects earnings jump after strong first quarter, Tysers deal
03 November 2022
AUB Group has upgraded its full-year earnings guidance after a first quarter “strongly ahead” of original expectations and has provided details on the anticipated additional profit contribution from the Tysers acquisition.
Insurance Advisernet hits 100,000 milestone
03 November 2022
Insurance Advisernet has reached a milestone of 100,000 clients, while brokerages in its network take up its offer to acquire holdings in interested members...
New code now in force, but what happens if brokers aren’t ready?
03 November 2022
Brokers that have been unable to fully comply with the new Code of Practice in time should report a breach, experts say...
Broker profile: ‘making insurance painless for clients’
03 November 2022
ii-A Account Manager Chris Payne got his start in broking doing administrative work for a brokerage 10 years ago. His turning point came when his employer at the time asked him to start helping out with claims and he has not looked back since.
Australia commercial rate growth slows to 5% in Q3: Marsh
27 October 2022
Australia commercial insurance pricing rose 5% in the three months to September, marking the seventh straight quarter of slowing premium rate growth, according to the latest Marsh Global Insurance Market Index...
NIBA backs Federal Budget affordability, mitigation measures
27 October 2022
The National Insurance Brokers Association has welcomed Federal Budget measures including a $22.6 million allocation directed at insurance issues in disaster-prone areas and the delivery of a pre-election announcement on resilience funding...
'Show us the cover': brokers at a loss over farms and flooding
27 October 2022
Brokers have continued to flag concerns that flood cover for farms and rural properties is not available – despite initial assurances from the Insurance Council of Australia that it is...
Late tweaks made as code of practice set to take effect
27 October 2022
The National Insurance Brokers Association has made some refinements to the new code of practice and a guidance document ahead of next Tuesday’s starting date to assist with practical implementation...
360 Underwriting rebrands Sura Plant & Equipment
27 October 2022
360 Underwriting Solutions is rebranding Sura Plant & Equipment effective from next Tuesday following an integration period over the past year...
CFC outlines pitfalls in standard fintech policies
27 October 2022
Cyber specialist CFC has published a free guide for brokers on the complexities of insuring fintechs, saying these businesses aren’t likely to find all of their exposures covered in a single policy...
Queensland broker wins NIBA's Community Excellence award
27 October 2022
The National Insurance Brokers Association has awarded Aon’s Vanessa Hilton with its 2022 Community Excellence Award...
Broker profile: 'I learnt through conversation and building relationships'
27 October 2022
Stefanie Clarke is a second-generation broker, following in the footsteps of her father Tim, the Director at North East Insurance Brokers which has offices in Victoria’s flood-affected Mooroopna, Yarrawonga and Deniliquin...
'Ahead of expectations': Steadfast upbeat on new financial year as Q1 outperforms
20 October 2022
Steadfast has performed better than expected in the first quarter of the new financial year, buoyed in part by insurers’ moves to increase premiums in response to recent catastrophes and claims inflation, CEO and MD Robert Kelly said at this morning’s annual general meeting...
Brokerage flooded as rivers burst
20 October 2022
The Mooroopna high street office of North East Insurance Brokers is “under water” after constant rain pushed rivers beyond their limits across Victoria, inundating many regional towns...
Quality time in front of clients 'is crucial post pandemic': NIBA panel
20 October 2022
Brokers should ensure they meet in person with clients following a move to Zoom conversations made necessary during the pandemic, Emjay Insurance Brokers Director Jeff Murdoch says...
Driver loses traffic offences disclosure dispute after blaming broker
20 October 2022
A Mercedes Benz owner has lost a dispute after blaming a broker for a failure to disclose traffic offences that caused an insurer to decline cover following an accident...
NIBA offers terms of engagement template as code start nears
20 October 2022
That National Insurance Brokers Association has produced a template that can be used to help meet one of the requirements of the new code of practice that starts next month...
'I'm trying to shake the Camel Man title': WA broker hangs up reins
20 October 2022
Perth broker John Elliott has returned home after years undertaking a 12,000-plus kilometre camel trek around Australia....