Since forming in 1982, the National Insurance Brokers Association (NIBA) has been the peak representative body Australia's general insurance broking industry. With 450 member firms employing more than 11,000 individual brokers, NIBA's membership includes 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 (ASIC) 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.