Insurance Business names Australia’s top brokerages for 2023
Insurance Business names Australia’s top brokerages for 2023 | Insurance Business Australia
Insurance News
Insurance Business names Australia’s top brokerages for 2023
Winners ranked based on nine criteria
Insurance News
By
Roxanne Libatique
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:
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