Insurance Advisernet New Zealand is a group of over 40 independent insurance broking businesses throughout New Zealand. We were established in 2006 and through our relationship with Insurance Advisernet Australia are partnered with ASX-listed AUB Group. This enables us to empower our locally owned brokers with the benefits of scale. With more than $4.5 billion of gross premiums under management in the AUB Group it gives us unrivalled buying power that now spans every major insurer in New Zealand and Australia, plus access to overseas insurers including Lloyd’s of London.
Through our partnership with NZbrokers (majority owned by AUB Group), we collectively look after over $500M of client premiums and over 140,000 clients throughout New Zealand.
Our focus is to drive value to the clients of our brokers. This means if you are a client of an Insurance Advisernet member broker you automatically gain all the benefits and security we offer to our members including:
- Access to market leading policy wordings;
- The security of a centralised Trust Account for all client premiums that is regularly audited by two independent firms, ensuring your premiums are safe;
- $100M Professional Indemnity policy backing our members’ advice and service;
- A compulsory Professional Development programme ensuring all our members have continuing professional development;
- Claims advocacy for large or difficult losses, whenever our members request it;
- The best technology, driving efficiency through reducing the administrative burden for our members;
- Ensuring all members are compliant with all relevant legislation and codes of practice, so clients have peace of mind.
Because of our unique offering of added value through our member brokers, today we are one of the leading and most respected General Insurance businesses in New Zealand.
Meridian General Brokers is a proud and long-standing member of Insurance Advisernet, a national network of independent Fire and General insurance brokers. The collective buying power of this group allows us to offer you the best available insurance solutions at the best available price.
Insurance Advisernet gives us access to one of the largest databases of risk profiling in New Zealand. This enables us to provide a detailed hazard report on almost any industry in New Zealand. With the benefit of this report we can then work with you to identify all of these exposures and develop a programme to ensure that your business is protected correctly.
Using Insurance Advisernet, we are able to negotiate excellent rates and exclusive insurance solutions from major New Zealand insurance companies. We can also access the Australian insurance market and Lloyd’s of London for risks that are difficult to insure locally.
Belonging to the Insurance Advisernet network means we have the latest insurance broking IT platform, systems and infrastructure. Our team constantly improve their skills through the network’s outstanding professional development programme.
All insurance premiums are handled by Insurance Advisernet and paid into a separate Trust Account which is audited annually (refer Audit Report below). Insurance Advisernet are responsible for paying your premiums to the insurance companies. This allows you to have confidence that any monies paid by you (in addition to your rights under the Intermediaries Act) are paid to the insurer. We will not handle any of your premiums or have access to any of those funds.
As an Insurance Advisernet member, we hold $100M Professional Indemnity insurance, one of the highest levels of any broker in New Zealand (refer Certificate of Insurance below). We firmly believe that adequate insurance is a foundation of best business practice, and we practice what we preach.
At Meridian General Brokers, we are committed to providing you with the highest quality advice, products and service. Insurance Advisernet helps us achieve this aim.