NZbrokers Continues to Build Strong Momentum with Acquisitions and New Members

MEDIA RELEASE

February 27, 2018 – NZbrokers continues to build momentum through strong growth within the current network and a solid pipeline of potential acquisitions and new members, having grown from 56 to 60 partners in the last 12 months.

Jo Mason, CEO, NZbrokers, said, “Our broker network now represents more than 164,000 clients in more than 85 locations across the country, which is a 35 per cent increase on 12 months ago.

“It’s fantastic that our network is growing across all metrics. We believe this reflects the value of the collective and our members seem to agree, having rated us a Net Promoter Score of 34+, which is phenomenal considering the industry average is 4.”

NZbrokers’ Gross Written Premium (GWP) increased by 20 per cent over the past 12 months, further solidifying its position as the largest broking management group in New Zealand. While premium rates are hardening, these are inconsistent across geographies and classes, and the overall market remains competitive.

As a part of its strategic goals, NZbrokers is focused on driving benefits that add value and enhance its partner businesses. This includes significant investment and resource allocations in developing technology that supports the insurance broking needs for clients now and into the future.

Jo Mason said, “NZbrokers is also investing in, and implementing, education initiatives and philosophies that will appeal to and support insurance professionals as their needs change. When it comes to education, we believe that financial investment is not the only way. Creating meaningful content that has cut-through and uses new methods and technologies, taking into account how time-poor we all are, are important considerations for the industry in better serving clients.”

-ENDS-

 

About NZbrokers

NZbrokers is New Zealand’s largest insurance broking collective, representing more than 60 independent businesses across the country. From Kerikeri to Invercargill, and everything in between. Recognising the benefits of working together, the driving philosophy behind its rapid success is that each member leverages the strength and capability of the national group, while retaining their successful formula of local knowledge and long-standing relationships.

Each member includes only well-respected and well-established brokers with a common purpose to better serve their clients. And while backed by the professionalism, 30 years’ experience and support of its parent company, AUB Group Limited (ASX:AUB), NZbrokers is locally run, by local professionals, for local businesses.