The National Insurance Brokers Association (NIBA) is set to host a federal election-focused breakfast event on May 1 in Sydney, just days ahead of the national vote on May 3.
The forum will feature prominent politicians and policy analysts discussing current economic challenges and what lies ahead for the insurance sector under the next government.
Held at the Fullerton Hotel in Sydney’s CBD, the event will include remarks from Assistant Treasurer and Minister for Financial Services Stephen Jones, NSW Liberal Senator Andrew Bragg, and Independent MP Zali Steggall. They will be joined by Counsel House directors Mick Veitch and Leigh Moran, who will provide market and political analysis.
Attendees can expect insights into the macroeconomic landscape, including global geopolitical disruptions, cost-of-living pressures, and supply chain constraints, and how these issues are likely to influence economic policy and insurance regulation in the post-election environment.
The breakfast runs from 7am to 9am AEST, with ticket prices set at $130 plus GST per individual or $1,250 for a group of 10.
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The announcement comes after NIBA met with Shadow Assistant Treasurer Luke Howarth in February as part of its ongoing dialogue with policymakers on insurance affordability.
The meeting followed a series of natural disasters, including bushfires in Victoria and flooding across northern Queensland, which have intensified cost pressures for consumers and businesses, especially in high-risk zones.
NIBA CEO Richard Klipin said insurance brokers have been instrumental in supporting recovery efforts.
“Insurance brokers are on the front line, ensuring Australians get the coverage they need at a fair price – now more than ever, their role is critical in navigating affordability challenges and assisting with risk mitigation,” he said.
He also noted that while market competition exists, policy complexity makes professional guidance essential.
The association reiterated its call for governments to review state and federal charges that are applied to insurance policies. These levies, NIBA argued, inflate premiums and undermine affordability efforts.
“One of the most effective ways to ease the cost burden on consumers is for state and federal insurance taxes and levies to be reassessed,” Klipin said.
Looking further ahead, NIBA has opened registration for its 2025 National Convention, scheduled to take place from Oct. 19-21 at the RACV Royal Pines Resort on the Gold Coast.
Themed “Shaping Change,” the event will bring together insurance brokers, service providers, regulators, and other stakeholders to explore emerging trends in the broking profession and the broader insurance landscape.
The convention will include keynote presentations, panel discussions, and breakout sessions focused on adapting to regulatory changes, responding to evolving risk profiles, and improving client outcomes through innovation and strategic engagement.
