The Broker
Pulse check: brokers most confident, business sentiment survey finds
28 April 2022
Brokers and the broader general insurance intermediary sector are most upbeat about their prospects for this year, according to a Macquarie Bank business sentiment survey...
Floods fallout: insurers look to reduce exposure, Honan says
28 April 2022
Insurers’ risk appetite has dampened further as the industry continues to count the cost of the NSW/Queensland catastrophe, which has now surpassed the 2011 Brisbane event as the country’s most expensive flood disaster...
Broker not liable for $340,000 claim despite breach
28 April 2022
An organisation seeking more than $340,000 in compensation from Community Broker Network (CBN) has lost a claim dispute, although the dispute resolution body says poor record keeping by the broker breached its duty of care...
Eight ways broker clients can soften tough cyber terms
28 April 2022
Securing the right cyber insurance has become even tougher over the past year but there’s a lot brokers can do to help clients best place themselves for the fairest rate possible in this hard market...
Broker profile: a hands-on approach
28 April 2022
Geelong born and bred Mitchell Wight, Senior Broking Executive at Integral Insurance Services, pictured, is valued by clients as an advocate who is in their corner...
BizCover for Brokers platform doubles user numbers
28 April 2022
BizCover says it has seen a 105% jump in sign-ups to its BizCover for Brokers platform since the start of the covid pandemic as the Australian broking community embraces insurtechs to manage frustration with insurer service levels during tough market conditions...
Call of duty: brokers rise to covid, bushfires challenges
14 April 2022
Brokers have received high praise over the way they have reached out to help clients with financial challenges caused by the pandemic, Black Summer bushfires and other natural disasters...
Flood claims keep climbing as cost hits $2.5 billion
14 April 2022
The Insurance Council of Australia now estimates the cost of recent east coast flooding at $2.49 billion and says the number of claims lodged, currently 177,630, will continue to rise...
Brakes go on legislation as election looms
14 April 2022
A number of bills relating to the insurance industry have lapsed following the calling of the federal election and the demise of all unpassed legislation...
NIBA seeks Broker of the Year nominations
14 April 2022
The National Insurance Brokers Association is inviting nominations for its 2022 Broker of the Year, and says this year each state winner will for the first time be awarded a $2000 prize to go towards professional development...
Broker says some WA farmers unfairly bearing cyclone burden
14 April 2022
WA farmers who are located further from the area struck by tropical cyclone Seroja than Sydney is from Melbourne are bearing the cost of a spike in insurance premiums after the event, an Albany-based broker says...
Broker profile: Never a dull moment
14 April 2022
Sydney-based Craig Claughton, Marsh MD and Head of FINPRO Pacific, pictured, is kept busy travelling internationally with clients every few months to secure hundreds of millions in capacity...
Strata commission, fee scenarios failing 'the pub test'
14 April 2022
A review of the strata sector is timely, and full disclosure of fees, commissions and other financial arrangements would ensure clients can make informed buying decisions, Strata Insurance Solutions Practice Manager Tyrone Shandiman says...
Broker not liable for engine damage despite duty breach
14 April 2022
A broker has been ruled not liable for losses caused after the wrong fuel was put into a truck, despite the Australian Financial Complaints Authority finding a breach of duty...
MGA foundation set to donate $50,000 for flood victims
14 April 2022
The MGA Insurance Group will next week donate $50,000 through its foundation to assist victims of the Queensland and NSW floods...
Insurance is 'essential' as more people become their own boss
14 April 2022
Australians thinking of setting up their own businesses have been reminded they need to also consider taking up insurance to protect their new source of income...
Claims service delays hit new low after 'perfect storm'
31 March 2022
Brokers are warning that many insurers’ claims services have deteriorated significantly following a “perfect storm” of challenges...
'Influx' of breach reports expected as brokers blow whistle
31 March 2022
The new Insurance Brokers Code of Practice could result in an “influx” of alleged breaches as brokers are called on to report each other for the first time...
Intermediaries' premium tops $17 billion in December half
31 March 2022
General insurance intermediaries invoiced about $17.16 billion of business in the six months to December, up from $15.14 billion in the year-earlier period, the Australian Prudential Regulation Authority says in a regular update...
Kelly calls for broad natural perils reinsurance pool
31 March 2022
Steadfast MD and CEO Robert Kelly says the Federal Government’s proposed cyclone reinsurance pool is too narrow and should be expanded to cover all natural perils...