Strategic Partners
Our Strategic Partners represent brokers on a wide variety of member issues, opportunities and challenges. Partners currently operating in the Australian market include Steadfast, Austbrokers, IBNA and Insurance Advisernet.
Steadfast is Australia's largest autonomous insurance broker cluster group, operating from more than 400 offices nationwide and generating in excess of $2.5 billion in annual premium turnover. The main benefit of membership to a cluster group is the buying power and flexibility to negotiate with underwriters on tailored insurance product packages and policy wordings. Cluster groups also provide other vital tools to assist brokers in running their businesses more effectively and keeping up to date with industry trends and reform requirements.
The Austbrokers Network was established in 1985 to give individual general insurance brokers the opportunity to enjoy the benefits of being part of a major group - through strategic support, capital and scale - while maintaining their independence. With a total turnover of over $1.2 billion in general insurance premiums and over $200 million in funds under management, the Austbrokers Network ranks within the top general insurance broking groups in Australia.
Insurance Advisernet Australia
Formed in 1996, Insurance Advisernet Australia (IAA) is today a principal member of the National Insurance Brokers Association (NIBA) and a member of the publicly listed Austbrokers Group which has $1.6 billion of gross written premium under management. With access to a wide range of products and services, IAA was awarded the National Insurance Broking Association NSW Regional Broker of the Year in 2000, in testimony to the quality of its advice and professionalism.
Having been formed with state-based beginnings in 1984, IBNA became a national association in 1994 and has since grown into an unlisted public company governed by its Board of Directors. As a leading Australian intermediary network providing insurance products and services through a national group of independent brokers, IBNA brokers collectively place in excess of $1 billion in gross written premium across all classes of general insurance business - enabling a greater buying power to negotiate products and services with insurance and premium funding companies.