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    More than half of brokers provide clients with information about fees and the majority have established “widespread good practice” that facilitates a culture of compliance and ensure good customer outcomes, according to the Insurance Brokers Code Compliance Committee (IBCCC). About 76% have procedures to identify breaches or potential issues, 67% use checklists to ensure they ...
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    Privately held insurance investor Envest has expanded into the marine business, acquiring a majority stake in North Sydney-based Australian Risk Applications (ARA). ARA is a specialist marine insurance broker and underwriting agent that focuses on importers, exporters, fresh produce exporters, traders, freight forwarders, customs brokers, couriers, removalists, ship repairers, boat owners and builders. Envest MD ...
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    Too many brokers are still failing to self-report code of practice breaches, the independent body monitoring compliance has warned in an annual report released today. Insurance Brokers Code Compliance Committee (IBCCC) Chairman Oscar Shub says overall adherence to the document is good but the level of self-reporting remains a concern. “Reporting potential breaches and complaints ...
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    Insurers, brokers vie for ANZIIF honours in New Zealand 3 October 2022 The four finalists in the running to be crowned General Insurance Company of the Year in New Zealand are AA Insurance, FMG, Tower and Vero, while this year Marsh and Runacres Insurance are vying for Large Broking Company honours. The Australian and New ...
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    Broker Aviso Group is strengthening its presence in Victoria, announcing its Western Insurance Brokers in Colac will merge with Geelong-based Integral Insurance Services. The merged businesses will form Aviso Integral at the end of this month and will have a combined $30 million in gross written premium. “This merger is a key part of our ...
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    Aviso Group’s Western Insurance Brokers in Colac, Victoria, will merge with Geelong-based Integral Insurance Services to form Aviso Integral at the end of this month. The merged business will have a combined $30 million in gross written premium, Aviso Group CEO Craig Robson told insuranceNEWS.com.au today. “This merger is a key part of our strategic ...
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    A recent broker barometer survey conducted by Insurance Age, in association with Close Brothers Premium Finance, explored current sentiment around business growth for insurance brokers in today’s environment, exploring current challenges and the expected sources, opportunities and outlook for future business growth. Padraig Floyd reports The results of the 2022 broker barometer reveal a favourable ...
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    The expert: ‘They risk making Palermo the country’s financial capital’. LUGANO, SWITZERLAND, August 6, 2022 /EINPresswire.com/ — Agorà Catering is the first catering company in Italy to activate the securitisation of its receivables. And this innovative approach to credit management, contrary to popular belief, does not come from Milan, the country’s financial capital, but from ...
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    Consumer group urges brokers to be proactive on remuneration 11 July 2022 The Consumer Action Law Centre has urged brokers to be proactive in reviewing remuneration arrangements, even as implementation of a disclosure part of the new code of practice is delayed by a year. “We call on brokers to consider whether they can disclose ...
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    FordSure Director Derek Ford and Marsh Managing Principal Selena Piggott have won this year’s National Insurance Brokers Association (NIBA) awards for WA, recognising excellence in the broking profession. Mr Ford was named WA Broker of the Year. He competed against finalists Grace Insurance Director Frans du Plessis, JL Insurance Brokers Director Jade Lyons and Imperium ...