NIBA represents approximately 420 member firms operating from nearly 750 locations across Australia, providing a united voice for the insurance broking industry. Membership offers exclusive access to a range of resources, professional development opportunities, and advocacy initiatives that empower brokers to excel.
At a company level, there are two types of NIBA membership designed to suit the structure of your business:
Principal Membership: Open to companies, trusts, partnerships, or sole traders operating as general or reinsurance brokers, or underwriting agencies holding a broking licence. Membership extends to all employees, authorised representatives, and associated branches of the business, ensuring that your entire team can benefit from the comprehensive services and opportunities NIBA provides.
Corporate Associate Membership: Corporate Associate Membership is automatically extended to subsidiary companies of a Principal Member, provided there is common shareholding.
Membership applications are reviewed to ensure compliance with AFSL requirements and NIBA’s strict conditions. Once approved, members agree to adhere to NIBA’s Constitution and Rules and Regulations. These commitments uphold the highest professional and ethical standards within the insurance broking profession.
Principal Member applicants must have a director, shareholder, or partner who qualifies as a NIBA QPIB, QFSR, or Fellow. These designations must be maintained at all times to ensure continued membership eligibility.
The application process
Applying for NIBA Principal Membership is a structured process designed to ensure alignment with the association’s high standards. The process may take up to 10 weeks to complete. The NIBA Membership team will formally notify you once your application has been finalised.
The application involves two key stages:
Stage 1: Complete the online application
Begin by completing the online application form, ensuring all required supporting documents are attached. Applications can only be assessed once all necessary documentation has been provided.
Stage 2: Business reputation assessment
All applicants undergo a business reputation check prior to approval. As part of this process, potential members are presented to the existing NIBA membership base and must address any written objections that arise. If no objections are received, the application proceeds to the NIBA Divisional Committee in the applicant’s region for review. Upon approval by the Divisional Committee, the application is referred to the NIBA Board for final endorsement.
NIBA membership fees are competitive, regularly reviewed, and tax-deductible. The fee model is moderated by an independent third-party accounting firm to ensure fairness and transparency.
For further information or assistance with your application, please contact the NIBA Membership Team at info@niba.com.au.
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