All reputable professions are governed by a strong Code of Practice – and insurance broking is no different. The Insurance Brokers Code of Practice sets out the minimum service standards consumers can expect when they use an insurance broker and outlines what to do in the unlikely event they have a complaint to make.
The most recent Code of Practice came into effect in 2014. As a living Code, a review process is underway taking into account developments and industry experiences and consulting with relevant stakeholders, including consumer representatives, Code Members, regulators, and relevant government agencies.
NIBA CEO Dallas Booth is quoted in the Australian Financial Review's article on a proposed ban on insurance commissions
NIBA President Tim Wedlock has been featured in the latest Insurance Business magazine discussing our efforts to help brokers maintain high professional standards.
Winners of the NIBA awards have been revealed at the annual national Convention in Sydney in September.
NIBA has announced the winners of the SA/NT region Broker of the Year and Young Professional Broker of the year awards.
Congratulations to the WA winners of the NIBA Broker of the Year and Young Professional Broker of the Year awards announced recently in Perth.
NIBA has made a submission to the ACCC in response to the First Interim Report under the Northern Australia Insurance Inquiry
NIBA has made a submission to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry
NIBA has made a submission to the Senate inquiry into consumer protection in the banking, insurance and financial sector
NIBA has made a submission to Treasury in response to its design and distribution obligations and product intervention power proposals paper
NIBA has made a submission to Treasury in response to the ASIC Supervisory Cost Recovery Levy Bill and related bills, which sets out the regime for industry funding of the regulator.
Insurance is one of the most complicated products any business owner can buy. But if you don't have the right cover, in the event of a loss your business could go under. A qualified NIBA broker is the best source of advice on any business owner's insurance and risk needs. You can find one near you, or one who specialises in your area of need, through NIBA's free Need a Broker service.Find a broker