Damien Coorey has won the National Insurance Brokers Association (NIBA) broker of the year award for the NSW and ACT region.

Mr Coorey became a director of Crown Insurance Services in 1991, helping to establish Crown Risk Management in 1999, which later becoming CRM Brokers and this year celebrates its 20-year anniversary.

His award success was announced at a gala lunch at the Hyatt Regency in Sydney on Friday, where three finalists were in the running.

The young professional broker award winner was Scott Hardiman of Bruce Chiene Insurance Brokers.

The pair will now contest the national Stephen Ball Memorial Award and Warren Tickle Memorial Award respectively, with winners announced at the NIBA Convention on the Gold Coast in October.