The National Insurance Brokers Association (NIBA) is widely recognised as one of the most effective trade organisations operating in the financial services sector. As the peak professional body for insurance intermediaries, NIBA represents insurance brokerages authorised resprsentatives and underwriting agencies and wholesale brokerages licensed to operate in the life and general insurance sectors.
NIBA also runs the NIBA College of Insurance and Risk Professionals which offers varying levels of professional memberships to individual practitioners. It is also the primary education and training body for the sector.
NIBA member firms are subject to strict screening before being admitted as members. Once admitted each member firm is bound by the NIBA Code of Conduct; subscribes to an external complaints facility; and commits to implementing the Insurance Broking Code of Practice.
Steadfast Group Limited is an unlisted public company comprising of 279 medium sized, AFS licensed insurance brokerages. Our Shareholders operate from 410 offices around Australia.
Steadfast is Australia's largest autonomous Insurance Broker cluster Group.
The main benefit of becoming a shareholder in a cluster group is the buying power and flexibility to negotiate with Underwriters on tailored insurance product packages and policy wordings, reflecting the needs of its Shareholders.
Furthermore, Cluster Groups also provide other vital tools to assist brokers in running their businesses more effectively and keeping up to date with industry trends and reform requirements.