CEO / Welcome
The Moment to Lead As this issue lands on your desk, Australia is days away from the 2026–27 Federal Budget and the economic backdrop has shifted. Events in the Middle East have injected new uncertainty into an already complex environment, with the consequences for inflation, business confidence and household budgets all likely to shape the Australia has been confirmed as host of the 2027 Annual WFII Conference — a major opportunity to bring the global intermediary community to our shores. Your Voice, Your Code
forward to connecting with members across the country in July and at the Gold Coast in October.
Thought Leadership This bumper edition of Insurance
Adviser also features two significant new publications. The third report in our thought leadership series — Unlocking the Risk Landscape: Insights into General Insurance Broking in Australia — is a comprehensive analysis of the $134 billion general insurance market. It builds on our previous reports to give our profession a detailed, evidence-based picture of where we stand. Alongside it, our latest NIBA Brokers' Guide turns its lens on the unique challenges faced by rural and farming clients. NIBA thanks Allianz Australia for their valued partnership on both publications. There is a great deal in motion. But looking across this issue, what stands out most is the momentum. The future is being shaped right now, and our profession is leading the conversation.
The review of the Insurance Brokers Code of Practice has reached a significant milestone. More than 200 contributions were received across the consultation period — spanning 11 member and stakeholder workshops, 15 written submissions, and broker surveys drawing together the voices of more than 10,000 insurance professionals across Australia, from sole practitioners to the country's largest global networks. NIBA thanks every member, consumer advocate, regulator and stakeholder who engaged with the process. The NIBA Board is considering that feedback. The depth and diversity of what we heard will ensure the new Code reflects the full breadth of the profession it is designed to serve. Mentoring Program Reaches New Heights I am delighted to share that the 2026 NIBA Mentoring Program has grown by 50%, with nearly 150 participants involved right across the country. That is not just a number — it is a clear signal that the broking profession is genuinely committed to investing in its people and supporting the next generation of leaders. Thank you to our national and state program partners and to our mentors and mentees for helping grow this initiative. Be Future Ready at the 2026 NIBA Convention Super Early Bird registrations for the 2026 NIBA Convention are now open, and I cannot wait to welcome the profession to the Gold Coast under the theme of ‘Future Ready’. With 80% of Gala Lunches already sold out, it is clear the appetite to come together is strong. I look
Federal Treasurer’s thinking. For our profession, the timing could not be more significant. The decisions made in this Federal Budget will have an impact on insurance affordability, disaster resilience, and the communities brokers serve every day. Pro-active Approach to Disaster Management NIBA's pre-Budget submission makes a clear and urgent case: Australia must shift from reactive disaster recovery to proactive resilience. We have called for an expanded, indexed Disaster Ready Fund; a national co-funded household mitigation scheme; reform of state taxes and levies that can add up to 70% to the cost of a premium; a National Emerging Risks Advisory Council to address the growing protection gap; and a review of regulatory costs affecting insurance advice. This issue's feature takes you through each proposal in full. The message to government is simple: act before disaster strikes. Australia Steps into the Spotlight Beyond Canberra, NIBA attended the Annual Meeting of the World Federation of Insurance Intermediaries (WFII) in Cape Town in late March — joining insurance leaders from across the world to explore and discuss global challenges. I am delighted to congratulate NIBA President Nick Cook who has been elected Vice- President of WFII, a leadership appointment that reflects the increasing contribution of Australia's broking profession on the world stage. And in further good news,
RICHARD KLIPIN Chief Executive Officer, NIBA
6 / INSURANCE ADVISER APRIL/MAY 2026
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