The Broker
Exclusions, documents: AFCA sets out broker disputes approach
09 June 2022
The Australian Financial Complaints Authority says having records that show consumers were informed of relevant exclusions is among critical issues in disputes it adjudicates...
Insurers 'skittish' over unusual risks: AUB
09 June 2022
Australian insurers are increasingly concerned about taking on “out of the ordinary” risks, AUB Group CEO and MD Mike Emmett says...
Skills crunch puts brokers in high demand
09 June 2022
Brokers are the fourth most sought after workers for insurance employers in Australia – and number two in New Zealand – as unemployment heads to 50-year lows and organisations struggle to secure skilled staff, recruiter Hays says...
Global broking fees and commissions jump to $190 billion
09 June 2022
Global broking fees and commissions rose 12.5% last year to $US137.6 billion driven by underlying premium rates and a further shift to digital and advice-led distribution, a report by a marketing and consultancy firm says...
AFCA clears broker in dispute over speeding driver's disclosure duty
09 June 2022
A BMW Coupe 3 owner whose claim for vehicle damage was declined because he did not provide his relevant driving history of speeding offences, and blamed his broker for not advising him of his disclosure duty, has lost his dispute...
NIBA reveals Queensland award finalists
09 June 2022
The National Insurance Brokers Association has revealed its Queensland finalists for this year’s broker and young broker awards...
Insurtechs 'at the forefront' of improving broker experience
09 June 2022
BizCover says the rise of insurtechs has provided brokers with more time and opportunity to connect with clients...
QBE named top 'all-rounder' in CQIB awards
09 June 2022
The Council of Queensland Insurance Brokers has named QBE the “all-rounder” insurer of the year at its annual awards...
Gallagher Re enhances APAC executive team
09 June 2022
Gallagher Re has named Andy Hulme as Head of Actuarial for Australia and New Zealand as it continues to bolster its executive team in the Asia Pacific region...
Broker profile: 'it's hectic but I love it'
09 June 2022
Perth-based Centrewest Insurance Brokers’ Candice Pratt says she learns something new every day since pivoting plans for a PE teaching career to take over her father’s client book...
Top guns invited to Bell Partners industry event
09 June 2022
Bell Partners Insurance welcomed key underwriting partners to a private, opening night screening of Top Gun: Maverick...
Renewals: catastrophe risks, cyber see mid-year challenges
26 May 2022
Property and casualty premium rates are on the rise again for the mid-year renewals, with rate gains moderating in some areas, while catastrophe-affected property faces challenges and cyber continues to climb...
Slow progress: brokers helping flood-hit clients through claims delays
26 May 2022
The waters may have subsided but for communities where businesses and homes were swept up in the NSW/Queensland floods, the ordeal is far from over, according to brokers who spoke with insuranceNEWS.com.au...
Complainant who threatened broker loses dispute
26 May 2022
Brookvale Insurance Brokers has won a dispute over alleged losses suffered by a client-turned-complainant who had demanded money and threatened to physically assault an employee...
'Underinsurance trap': brokers urged to help tackle rising concern
26 May 2022
The broking industry can play a critical role in stemming the issue of underinsurance by actively informing clients of the risk, BizCover says...
Network Insurance Group acquires boutique broker
26 May 2022
Steadfast subsidiary Network Insurance Group has reached an agreement to acquire Sydney-based brokerage Global Risks...
Broker profile: 'it just struck a chord'
26 May 2022
Sydney-based Tim Wedlock – MD at AEI Insurance Broking Group and Lex McKeown Trophy recipient, ANZIIF broking leader of the year 2018 and longstanding NIBA member – says the industry quickly hit the right note when he tried it on the advice of an uncle 35 years ago...
Honan report reveals Australia's costliest workplace injuries
26 May 2022
New data from Honan Insurance Group subsidiary Risksmart finds that shoulder injuries account for the most expensive claims made in Australia...
Industry battles 'talent drought' and spiralling wages
12 May 2022
Insurance brokers are facing a serious shortage of talent as a result of the ongoing impact of covid-related border closures and heightened wage expectations...
Changing market adds value to Tysers acquisition: AUB
12 May 2022
Global insurance patterns driven by climate change and rising demand for alternative risk solutions underscore the value of specialist capabilities provided by Lloyd’s broker Tysers, AUB CEO Mike Emmett says...