Global Insights, Local Impact - NIBA Attends the 2025 WFII Conference
NIBA was delighted to attend and participate in the 2025 World Council of the World Federation of Insurance Intermediaries (WFII) held in Washington DC recently.
Celebrating its 25th anniversary this year, WFII brings together representatives from over 100 insurance associations and organisations across 80 countries, enabling insurance leaders across the world to share key insights and learnings about challenges that are shaping the global insurance landscape.
NIBA President Nick Cook, Past President Gary Okely and NIBA CEO Richard Klipin welcomed this opportunity to engage with like-minded insurance member associations and foster increased collaboration with influential world bodies such as the Organisation for Economic Co-operation and Development (OECD) and the International Association of Insurance Supervisors (IAIS).
In the lead up to the federal election in Australia on 3rd May, this gathering was a significant outcome for NIBA, underscoring the importance of engaging with key political stakeholders and bringing back learnings about how insurance leaders globally are addressing challenges around increasing regulation, insurance accessibility, natural catastrophes, cyber threats and a growing protection gap.
NIBA President Nick Cook said, "Attending the WFII conference in Washington DC was an invaluable opportunity for NIBA to engage with global insurance leaders and bring back critical insights to the Australian market. In a rapidly evolving risk landscape, it’s essential that we learn from international best practices to address key insurance challenges.”
The NIBA delegation of Nick, Gary and Richard also met with representatives from the United States Treasury Department to understand how key political stakeholders from other countries are tackling global insurance issues.
NIBA CEO Richard Klipin said, “By fostering collaboration with influential global organisations like the OECD, IAIS and the United States Treasury, we can help advocate for policies that strengthen the role of brokers and ensure better outcomes for Australian consumers. With the federal election on the horizon, these global learnings are more relevant than ever in advocating for a sustainable and resilient insurance sector in Australia."
NIBA would like to acknowledge and thank WFII for organising an exceptional conference and the World Council for being wonderful hosts. We would also like to thank broker associations who came together from across the globe to participate and share their insights, including the United States, the United Kingdom, Canada, the Dominican Republic, France, Hong Kong, India, Ireland, Mexico, Netherlands, Spain, Germany, France, Panama and South Africa.
