About NIBA

NIBA represents approximately 450 member firms and 15,000 individual brokers including large, multinational insurance brokers, Australian broker networks, and small to medium-sized businesses located in cities, and regional areas right around Australia.

NIBA member firms all hold an Australian financial services licence, issued by the Australian Securities and Investments Commission under the Corporations Act, which enables them to deal in or advise on risk insurance products.

At an international level, NIBA is a member of the Council of Asia Pacific Insurance Brokers Associations (CAPIBA) and the World Federation of Insurance Intermediaries (WFII).

NIBA is committed to supporting its members by representing the interests of brokers and their members to government and regulators and promoting high levels of professionalism.

The work NIBA does in the interest of its members falls under three key pillars: representation; professionalism; and community.

Representation

NIBA strives to represent the interests of insurance brokers, on behalf of their clients (policyholders) to:

• governments;
• regulators;
• industry stakeholders;
• media; and
• the community

… in a manner that is respected and relevant. Further information on NIBA activities can be found within the Government & Policy section of this website.

Professionalism

NIBA sets out to develop and promote high standards of professional practice for insurance brokers in Australia for the benefit of their clients and the community. This will be achieved through:

• industry relevant education and continuing professional development;
• a membership that subscribes to the Insurance Brokers Code of Practice; and
• a framework for high standards of ethical and professional conduct by Members.

Community

NIBA strives to:

• provide Members with opportunities to meet, share, learn, grow and prosper;
• promote the role and value of insurance brokers to the community; and
• promote insurance broking as a desire profession.