PLUS: An insurer chooses a new motor claims software provider, another player backs a young professionals organisation and more NIBA award winners are revealed.
NIBA has crowned the first set of regional broker award winners, recognising the industry’s role models and rising stars.
Intermediaries are expected to have little problem following the ICA’s new Code of Practice which went live today, though a broking body has called on them to take note.
A report has found that premiums in North Queensland are not unreasonably high, though insurers are reluctant to take on new business.
The insurance body has named the winners of Broker of the Year and Young Professional Broker of the Year for Victoria/Tasmania.
Another industry body has questioned Federal Government calls for an insurance comparison website for strata-title and home and contents insurance.
The insurance broking industry is already expressing concern over a number of Budget measures, which may undermine the services of brokers while taking money away from important industry bodies.
Industry organisations have laid their cards out on the table for the Financial Systems Inquiry, stating that no amount of education will produce an informed consumer, and calling for relaxed regulation.
The broker's industry body says it is closely monitoring developments as the uncertainty over the repeal date of controversial legislation grows.
An insurance company has dropped premiums by as much as 30% and there is hope that other insurers will also cut their prices.