Major brokerage Insurance Advisernet has turned 21.

Ian Carr founded the company in 1996. It now has more than 180 practices, handling 63,000 clients, 115,000 policies and $500 million of premium. 

MD Shaun Standfield says when the business arrived on the scene, the authorised representative (AR) model was frowned upon by many in the industry.

“But now it is clearly the insurance industry’s fastest-growing and most dynamic distribution channel,” he said.

Mr Standfield says the model allows insurance professionals to create and control their own destinies, while balancing and complementing their individual lifestyles.

“I am so proud of our people and culture and what we have achieved,” he said.

“We are also proud to support our insurance practices, and it is very gratifying to give back to charities in their local communities.”

Insurance Advisernet ARs, management and staff have also donated more than $1.5 million to charities over the past decade, including $287,500 to 21 charities last year.

The business is 50% owned by the AUB Group.