The Broker
Faster, clearer: VeroEdge revamp targets commercial expansion
18 August 2022
Suncorp has extensively overhauled its VeroEdge platform to streamline and improve interactions with brokers as the insurer looks to become more dominant in the commercial market...
Steadfast offered 'really strong' proposal for IBA: Fereday
18 August 2022
Insurance Brands Australia MD Jay Fereday says Steadfast “put forward a really strong proposal” that gave it an edge over other bidders to acquire the privately owned intermediary businesses...
QBE set to spend big in drive for SME business
18 August 2022
QBE will modernise its systems to improve the way it transacts business with brokers and customers in Australia, Group CEO Andrew Horton says...
IAG sees 'momentum' in its loss-making broker business
18 August 2022
IAG Intermediated Insurance Australia has a “little bit of momentum” and is still on track to turn profitable by the 2023/24 financial year as targetted, CEO Nick Hawkins says...
Howden ranks first on workplace culture list
18 August 2022
Howden has been named to have the best small business working culture in Australia by workplace researcher Great Places to Work...
Broker profile: 'the freedom to be out on the road'
18 August 2022
Melbourne-based Network Insurance Group Senior Account Executive Chris Prowse has no regrets after abandoning plans to be a dentist for a career in broking...
Landlord underwriting agencies set to merge
18 August 2022
Landlord insurance specialist St George Underwriting Agency has announced it will combine with Property Insurance Plus into a single landlord insurer...
Buyer sought for Victorian brokerage
18 August 2022
Expressions of Interest are being sought for Geelong-based Adrian G Mathieson and Associates, which has been trading for around 25 years as a general insurance agency and brokerage...
ASIC offers regulatory relief for commercial products with retail cover
18 August 2022
Brokers who offer retail cover as part of bundled commercial insurance contracts have been granted temporary regulatory relief exempting them from certain retail client obligations as set out in the Corporations Act...
Suncorp sees scope to boost commercial market share
11 August 2022
Suncorp sees opportunities to boost its share of the commercial market as it moves forward as an insurance-focused company following the decision to divest its banking arm...
Broker complaints decline sharply, AFCA figures show
11 August 2022
Complaints against general insurance brokers fell about 41% last financial year, latest data from the Australian Financial Complaints Authority shows...
AUB 'right new owner', says Tysers CEO
11 August 2022
UK Lloyd’s wholesale broker Tysers sees opportunities for further expansion following its acquisition by AUB Group, which announced in May a deal to buy the business for $880 million...
'Technology to accelerate decline in insurance broking jobs'
11 August 2022
Adoption of new technology will accelerate a decline in the number of insurance broking jobs over the next decade, according to new research...
Honan start-up specialist upbeat despite tech speedbumps
11 August 2022
Modern Risk Solutions, a Honan-owned broker that specialises in arranging insurance for tech-focused clients, says current economic conditions are proving to be challenging for the sector as insurers re-adjust their underwriting criteria to account for the riskier business landscape...
Brokers encouraged to take on 'neglected' PI cover for tradies
11 August 2022
BizCover has called on SME insurance brokers to increase their attention on professional indemnity cover to help protect electrician, plumber, and carpenter clients from hefty liability costs...
Hundreds celebrate three decades of Scott Winton
11 August 2022
Almost 200 insurance industry members gathered last month to mark the 30-year anniversary of the founding of Melbourne-based Scott Winton Insurance Brokers...
Broker profile: 'I work best under pressure'
11 August 2022
Sydney-based JMD Ross Insurance Brokers GM Melanie Shearer is juggling a dual role managing a client portfolio and overseeing operations, training and compliance – and planning a wedding...
'Critical time ahead' as NIBA looks back on 40 years
04 August 2022
The upcoming National Insurance Brokers Association summit in October – themed Trust, Professionalism, Community – will mark the group’s 40th year, in one of the most challenging periods for the sector...
Brokers weigh in as 'side hustle' issue rolls on
04 August 2022
The fallout continues over news reports that many Australians with home-based businesses have been told that such activities will invalidate their home and contents insurance...
AFCA backs broker over BI claim dispute
04 August 2022
The Australian Financial Complaints Authority has found against a policyholder who argued that a broker failed in its duties by not lodging a pandemic-related claim for business interruption cover...