Insurance Business names Australia's top brokerages for 2023

Insurance Business has announced Australia’s top insurance brokerages for 2023, companies with excellent performance and service despite the challenging market.

Insurance Business Australia (IB) identified the Top Brokerages for 2023 by inviting firms across the country to submit nominations. Nominees had to have three or more brokers and be headquartered in Australia.

The IB team ranked the nominees based on the following criteria:

• number of clients;
• client growth;
• clients per broker;
• policies written;
• policies written per broker;
• revenue;
• revenue per broker;
• revenue per policy; and
• policy revenue growth.

Each nominee had to also supply its details for the 2022/23 financial year.

All nominees were scored and ranked for each criterion, and the brokerage with the lowest cumulative total across all the criteria received the top overall ranking. All brokerages were ranked in ascending order of their cumulative totals.

Top brokerages in Australia

Some of the Top Brokerages 2023 winners are:

• Dynamic Insurance Services
• Shielded Insurance Brokers
• Omnisure
• Risk Advisory Partners
• Stonewell Insurance Brokers

See the rest of the list of winners and what made them standout among their competitors despite a challenging market by reading the Top Brokerages 2023 special report.