Insurance Brokers Code of Practice Review: Two Weeks Left to Have your Say

Phase two of the Insurance Brokers Code of Practice Review is entering a critical stage, with just two weeks remaining to provide feedback on the Consultation Issues Paper. 

Led by Independent Reviewer Phil Khoury of Cameron Ralph Khoury, the review is a multi-phased process aimed at ensuring the Code continues to meet the expectations of clients, regulators and the broking profession.

Stakeholder engagement to date has been strong, with Khoury holding discussions with regulators, consumer groups, Code Subscribers and industry participants. Two stakeholder roundtables have also been held to explore key issues raised in the consultation paper, with a third and final member roundtable to be held later this month.  

NIBA CEO Richard Klipin has welcomed the level of involvement from across the profession. “NIBA has been pleased to see such strong engagement with the review from across the insurance broking landscape,” Klipin said. “The Code Review is an important opportunity to ensure the Code remains fit for purpose and continues to meet community, regulatory and industry expectations.” 

Stakeholders now have until 5pm Friday, 2 May 2025 to make a submission. 

“We encourage those who have yet to share their perspectives to take advantage of the time remaining,” Klipin said.

“Your input will be instrumental in shaping the outcomes of this review and ensuring the Code continues to support professionalism and trust within our profession.” 

For more information on the review and how to make a submission, visit the official consultation website.