The Broker
Doubts cast over promoted cyclone pool benefits
17 February 2022
Details released to date on the cyclone reinsurance pool cast doubts on its potential to deliver promoted savings while underwriters may remain unwilling to become involved in the market, North Queensland Insurance Brokers Director Ron Bellert says...
'Not like for like': AFCA rejects complaint that broker caused client to overpay
17 February 2022
An Aon client who insisted the broker failed to source a cheaper public liability policy, thereby causing it to pay more in premiums during the insured period, has been told the cover was not “like for like”...
IAG aims to make life easier for brokers
17 February 2022
IAG’s transformation of its intermediary division includes efforts to enable better digital engagement with brokers...
Individual advocacy key to remuneration battle
17 February 2022
Brokers have been urged to meet with their federal members of parliament and state senators to lift awareness about the profession and build relationships as a government review of financial advice and remuneration begins...
Broker moves: WTW steps up client support with new claims role
17 February 2022
Broker WTW says it has created a new claims role aimed at ensuring its Australia clients have all the support they require to recover from a major event...
AFCA's top tip for brokers: 'keep notes'
17 February 2022
Out of almost 17,000 general insurance complaints received by the Australian Financial Complaints Authority last financial year, a “comparatively small number” were against brokers...
Broker profile: 'I really thought it would just be for winter'
17 February 2022
David Keys says he could not be happier since departing Melbourne to set up Broome Insurance Brokers – a part of AB Phillips – and says the team of three are hiring and have opened a Perth office...
Stopping the cycle: current market conditions 'here to stay'
03 February 2022
Broking leaders say it’s time to stop referring to a “hard market” – believing that the current dynamic is likely to remain for years to come...
Broker helps landlord win meth contamination claim dispute
03 February 2022
A broker has successfully fought to claim methamphetamine decontamination costs on behalf of a landlord client that was landed with a $15,000 bill...
NIBA chief flags 'Government over-reach' on regulation
03 February 2022
CEO of the National Insurance Brokers Association Phil Kewin wants the rapid pace of regulatory change to slow down this year...
Consumer groups renew push to axe commissions as advice review looms
03 February 2022
The review of financial advice, including broker commissions, is set to start this year, with submissions due tomorrow on the draft terms of reference...
Honan warns of exposure from Omicron shortages
03 February 2022
A global supply chain squeeze may result in contractual liability exposure for Australian businesses that are struggling to meet deadlines and delivery obligations, experts at Honan say...
Moves round-up: Network Insurance names COO, IAG team confirmed
03 February 2022
Steadfast-backed Network Insurance Group has appointed Pete Stansfield as COO, effective from Monday...
NIBA multi-city hybrid convention set to begin
03 February 2022
Insurance industry leaders and regulators are set to discuss critical issues in the current environment and their views on the future at a National Insurance Brokers Association multi-city convention modelled for the times...
Broker profile: from Lincolnshire to the Gold Coast
03 February 2022
Rebecca Tomic, pictured, has been around broking since the age of 16, but is as passionate as ever when it comes to helping clients...
NZ perspective: IBANZ flags inflation, fire levy, regulatory concerns
03 February 2022
Rising inflation, along with regulatory pressures, are among the key challenges facing insurance brokers in New Zealand, according to the country’s peak body representing the profession...
Consumers say revised code draft 'very much better'
03 February 2022
Consumer groups say a revised version of the Insurance Brokers Code of Practice is “very much better” than an earlier draft that they criticised for being difficult to read and falling well short of expectations...
NZ award winner: a match made in heaven
03 February 2022
Hamilton-based award winner Alana Garnett, pictured, says she has found her dream job since leaving the tax office behind and entering the world of broking two years ago...