A member of the Steadfast Group, Elliott Insurance Brokers places more than $6bn in premium every year, giving the brokerage access to a majority of the Australian insurance market, significant buying power, and a broad range of tailored insurance packages and policy wordings. The WA-based brokerage, in operation since 2008, is committed to serving “all clients regardless of size” and endeavours to make insurance “quicker and easier”. Its product offerings include business insurance, professional indemnity, public liability, specialty insurance, trade package insurance, and travel and life insurance.
Making its seventh appearance on the Top 10 Brokerages list and reprising its 10th-place finish from 2019, Elliott Insurance Brokers enjoyed a substantial increase in new clients between July 2019 and June 2020, despite the COVID-19-driven cratering of consumer confidence, which has worked against the insurance industry.
“One of the biggest challenges we face over the next 12 to 24 months is the hardening market,” says Rachael Milne, Elliott Insurance Brokers’ chief financial officer. “Usually a hardening market provides opportunity for the stronger brokerages and is welcome; however, the unavailability of capacity in the hard-to-place property market and in some D&O and professional indemnity sectors is seeing clients unable to obtain coverage or dropping coverage due to the cost.”
It’s clear that these challenging conditions haven’t impeded the brokerage’s growth, though. Elliott Insurance Brokers has seen a 20% increase in its client base over the past year, along with a significant number of new policies written.
