NIBA to Support Brokers Ahead of New Consent Obligations Coming in July
Media Release
New informed consent obligations for general insurance brokers will take effect on 10 July 2025. These obligations represent a significant change for brokers who provide personal advice to retail clients. The National Insurance Brokers Association (NIBA) will unveil a suite of support resources to help ensure brokers are prepared to meet their new obligations with confidence.
With the new obligations fast approaching, NIBA acknowledges the uncertainty and the need for clarity across the sector around the scope and application of these changes.
“Informed consent will require significant change in respect to broker workflows. This means it will be critical for brokers to be well prepared to continue delivering trusted advice to their clients,” said NIBA President Nick Cook.
“NIBA will continue to work with the new government on how the informed consent regulations can be delivered in a simpler and more technology-led way,” Nick added.
To assist brokers with understanding and implementing the new requirements, NIBA will roll out a series of webinars and other support materials, ensuring brokers are informed and ready prior to the July deadline.
The first of these webinars is titled ‘In Practice: Informed Consentʼ and features a panel of industry experts who will break down the practical implications of the informed consent obligations.
“The strong demand and engagement for our webinar demonstrates the importance of practical guidance and the need for clarity around this area,” said NIBA CEO Richard Klipin.
NIBA is continuing to work closely with members, regulators and key stakeholders to ensure brokers understand the new consent obligations, know the implications of this regulatory change, and realise the opportunities for their clients.