Sometimes, especially when insuring businesses or complex personal risks, it pays to have access to an insurance expert. Someone who can spend time with you, review your unique situation, and provide advice and guidance on the type, extent and value of insurance needed to cover your assets. This is where insurance brokers come in.
Looking for a broker? The National Insurance Brokers Association (NIBA) is the peak Australian professional body for insurance brokers.
What do insurance brokers do?
Insurance brokers are trained professionals who act independently of insurers. They provide advice and arrange appropriate cover for you through one or more insurance companies.
When an insurance broker acts for you, their role is to assess your situation, and develop an insurance package to suit your needs. This package may combine products from a range of insurers, or just one, depending on your needs.
Insurance brokers deal with the insurer on your behalf, and take responsibility for keeping you informed, up to date, and covered. Ask your insurance broker if you’re not sure in what capacity your broker is acting.
Products insurance brokers can offer
Insurance brokers generally offer a variety of personal and business insurances, along with a suite of associated products such as insurance premium funding.
Insurance brokers can also access products which may not be offered directly to the public. This is usually due to the complexity of the products.
How are brokers paid?
Brokers generally receive a commission from the insurer on each policy they arrange on your behalf and may also charge a fee to you directly.
Other partners
As well as insurance brokers, we also distribute insurance and underwrite policies through the following partners.
Automotive
Our Automotive division partners with Australia’s leading motor manufacturers, dealerships and fleet providers to deliver quality insurance products to their customers.
We underwrite insurance products that are distributed through a range of financial institutions, such as banks, credit unions, building societies and mortgage brokers.
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Allianz acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the lands on which we live and work across Australia. We pay our respect to First Nations Elders past and present.
Any advice here does not take into account your individual objectives, financial situation or needs. Terms, conditions, limits, and exclusions apply. Before making a decision about this insurance, consider the relevant Product Disclosure Statement (PDS)/Policy Wording and Supplementary PDS (if applicable). Where applicable, the PDS/Policy Wording, Supplementary PDS and Target Market Determination (TMD) for this insurance are available on this website. We do not provide any form of advice if you call us to enquire about or purchase a product.
Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. 234708 is the insurer of any general insurance products offered, and Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFS Licence No. 296559 is the insurer of any life insurance products offered. Each entity is responsible for any statements and representations made about its products, on this website.