Our insurance brokers’ approach to risk management solutions helps you to achieve the right level of insurance cover.
Choosing Gallagher gives you access to local expertise backed by international experience that will help protect your business and let you focus on what you do best.
View our expertiseOur insurance brokers’ approach to risk management solutions helps you to achieve the right level of insurance cover.
view our broker servicesOur insurance brokers’ approach to risk management solutions helps you to achieve the right level of insurance cover.
Our experts can give you the advice you need across a variety of different services.
View our servicesWe take the time to get to know your business and our specialists have expertise in all industries. We then tailor insurance and risk management advice and solutions to match your specific needs.
CONNECT WITH AN EXPERTFind out the latest information and research from our experts to help keep your business safe.
View allIn the Business Insurance & Risk Market Update H1 2022 report, our experts provide market insights and offer guidance to help you ensure your business has the right protections in place.
Get the reportFor more than 90 years, we’ve helped businesses face their future with confidence. Hear more about our story and how our experience can help you.
View allThe role of an insurance broker is changing. Creativity in finding solutions, harnessing big data and playing a bigger part in claims processing are just some of the factors affecting the sector today.
A recent survey conducted among industry professionals by the Underwriting Agencies Council of Australia and New Zealand identified using operational systems to improve scalability and flexibility as being of as much importance as relationship building to the broking function.
The survey results also pointed to using analytics to identify growth opportunities and support the development of more complex products more economically.
Access to DIY off the shelf insurance products means customer buying patterns are changing, with the value of a broker increasingly defined by the personalised service they can provide.
According to the UAC survey, expertise, skills and experience remain the most important factors in remaining competitive in an industry that is becoming increasingly accessible to new players.
From the client point of view, modern business conditions make risk management ever more complex. For underwriters the broker’s role is critical to understanding what they are buying into.
The ability to place complex or specialised products, and to actively assist with the claims process, is how today’s insurance brokers can differentiate themselves.
Some traditional aspects of a broker’s role remain critical. These include:
In modern business it pays to have an expert in your corner, and that’s exactly what an insurance broker is. Many specialise in particular insurance types or industries relevant to your needs.
Like an accountant or a lawyer, an insurance broker offers professional advice and has a fiduciary duty to act in their clients’ best interests. That means you as the customer are their first priority.
One on one interactions, either in person or over the phone, establish and build trust. These ensure your broker understands your situation and the insurance requirements involved. They typically lay the foundation for the services a broker can perform for you.
You need to be transparent in your disclosures and prepared to supply supporting documents to back up your statements. Your broker can guide you as to what to provide, prompt you about updates and act as a record keeper for when you need to refer to them.
Broking requires a combination of technical knowledge and business communication skills. Traditionally brokers learned their profession on the job; today they can undertake tertiary qualifications and continuing professional development courses. Many brokers hold degrees in business or commerce.
To get a quote or arrange a free no-obligation insurance review, complete our contact form or call us on 1800 240 432 .
Get a quote or arrange a free no-obligation insurance review