In reflecting upon the dynamic landscape of the Australian insurance market, the winners of Insurance Business Australia's 2023 Top Brokerages stand out as exemplars of resilience and adaptability.
These brokerages had not only weathered the challenging circumstances but had excelled in the face of adversity, consistently delivering for their clients.
IB's 11th annual Top Brokerages list showcased the industry's resilience. The process involved inviting brokerages across the country to submit nominations, emphasising eligibility for those with three or more brokers headquartered in Australia. The nominees were ranked based on:
Brokerages supplied their details for the 2022/23 financial year, and rankings were determined based on cumulative scores across specified criteria.
The ranking system, focusing on business per broker rather than critical mass, ensures that excellence is acknowledged regardless of size. The top overall ranking was awarded to the brokerage with the lowest cumulative total.
In last year's interview with IB, Tremayne West, the managing director of Australian Broker Network, highlighted the formidable obstacles brokerages were grappling with:
See the list of the best brokerages in Australia for 2023 and what made them stand out by checking out the Top Brokerages 2023 special report.
