Reforms to tackle the conflicts of interests over strata managers receiving commissions from insurers have been heavily criticised.
A South Australian insurance brokerage is casting an eye over Asia for further opportunities to grow its business beyond opening its first overseas office in Cambodia.
A South Australian brokerage is opening a new office in an Phnom Penh, becoming the second overseas intermediary to establish an office there.
Brokers and insurers are staying in close contact with their regional offices and clients in fire-ravaged NSW as claim numbers continue to rise, and insurance losses grow.
Broking is nothing without people, Insurance Business sits down with Andrew Faber for a one-on-one session.
Brokers are demanding action on who can sell insurance after Woolworths was censured by ASIC for misleading consumers.
The intermediary has expanded its national footprint with the purchase of a regional broker, giving it greater access to CGU, Allianz and QBE insurance products.
The market is ripe for the buying and selling so expect to see more movement as go-getting brokers attempt to grow their businesses.
The acquisition marks the broker’s first attempt at establishing itself in the ACT and the broker is keen to further expand its footprint in the area.
The chairman of one of Australia’s leading insurance brokerages has been recognised internationally and been given a Special Medal for Services to the Cambodian Community by the country’s prime minister.