Facts about using Insurance Brokers

Australia’s brokers are valuable to you

The Australian broking industry is growing stronger as more consumers appreciate more their value as advisors, negotiators and time savers.

The popularity of insurance brokers as a medium for distributing and purchasing insurance will increase as they continue to become better qualified and demonstrate their value to businesses.

There are 3,000 registered insurance brokers  with 25,000 people employed in the sector according to industry research firm Ibisworld.

Industry revenue for 2011/12 is approximately $10.8 billion.

One of the key challenges for the industry will be how to deal with climate change and the increasing number of natural disasters. This is expected to bring price rises from insurers which will require new strategies and negotiations with insurers combining loss control in return for discounts. The ability to present a client’s risk in a more cost effective way will achieve greater outcomes for all.

Another aim for brokers is that going forward, there are fewer underinsured individuals. This depends on their ability to advise and influence their clients and start looking to form relationships with external experts such as Risk Managers, Building Inspectors, Workplace Health & Safety Consultants, Human Resource Consultants and IT Consultants, to name a few who can value add to the risks facing a modern business. A referral network of specific experts to assist business coordinated by an Insurance Broker will demonstrate their value.

It is thought that with the ageing of the general population, older persons are more inclined to insure both themselves and their assets and also have the funds to do so. However, there is no doubt that the Insurance Industry’s ability to educate the general public about Risk and Insurance in a more effective manner will also have a greater effect. How we use the media, the internet and our Professional Associations to do this is another new challenge.

  

Latest News

Robert Cooper - Elite Broker again

We are pleased to announce that once again Insurance Business Magazine has recognised Robert Cooper amongst the top Elite Insurance Brokers in Australia. See here

It is the fourth time in six years Robert has received this honour.

It is a great recognition for CPR Insurance Services who strive to provide the best possible standard of customer care and service to assist obtaining the best possible cover at the best possible price to meet the needs of for our clients.

Such awards are not possible without the outstanding support provided in the office by Julia, Aidan and Mandy, along with the fantastic support our clients continue to show to us. Thank you to all.

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CPR Insurance nominated for Brokerage of the Year

We are please to announce that CPR Insurance Services has been nominated as a finalist in the Brokerage of the Year (1 to 5 Brokers) for the inaugural Insurance Business Awards. 

A Black Tie Gala Dinner in Sydney on the 4th May 2018 will announce the winner, so fingers crossed.

CPR Insurance Services has been in existence for more than 7 years now and continue to grow and develop. It is thanks to our wonderful clients who appreciate us being part of their own businesses as their Risk and Insurance Advisers.

We continue to follow the simple philosophy of providing Expertise, best possible service and being there for our clients when they need us, such as at Claim time. We are here to save you.

Find out who made the cut here!

The Insurance Business Awards will bring together industry leaders to celebrate excellence in the insurance profession, recognising leading brokers, brokerage businesses, insurers and underwriting agencies in Australia for their contribution to the industry over the past 12 months.

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