National Insurance Brokers Association Welcomes New Minister

Strategic Insights -

The National Insurance Brokers Association (NIBA) has expressed its enthusiasm for the appointment of Dr Daniel Mulino MP as Assistant Treasurer and Minister for Financial Services. The association is eager to engage with Minister Mulino on policy priorities that cater to the insurance broking profession and the broader risk and financial services landscape. NIBA is particularly focused on working with the Minister to address the Government's response to the Parliamentary inquiry into insurers' handling of 2022 flood claims.

Key Takeaways:

  • The National Insurance Brokers Association (NIBA) welcomes Dr Daniel Mulino MP as Assistant Treasurer and Minister for Financial Services.
  • NIBA looks forward to collaborating with Minister Mulino on policy priorities that are central to the insurance broking profession and the broader risk and financial services landscape.
  • NIBA is committed to working with the Minister and his department on the Government's response to the Parliamentary inquiry into insurers' handling of 2022 flood claims.
  • The association is particularly interested in addressing the challenges in claims handling highlighted by the inquiry, which includes improving outcomes and rebuilding trust in the insurance system.
  • NIBA advocates for the interests of general insurance brokers and their clients, ensuring that the general industry operates with integrity and professionalism.
  • The association has 420 member firms and 15,000 individual brokers across Australia, making it the peak representative body for the general intermediated insurance market.
  • NIBA is committed to enhancing the professional standing of insurance brokers through robust advocacy, education, and ethical standards.

Statistics:

  • 420: The number of member firms in NIBA.
  • 15,000: The number of individual brokers in NIBA.
  • 2022: The year in which the Parliamentary inquiry into insurers' handling of flood claims took place.
  • Australia: The country where NIBA is based and operates.

Sources:

  • National Insurance Brokers Association
  • Contify.com - May 12