Hear From NIBA President Gary Okely and NIBA CEO Richard Klipin: NIBA Responds to Four Corners Episode 'The Strata Trap'
Hear from NIBA President Gary Okely and NIBA CEO Richard Klipin about important steps that NIBA has taken to support our members.
As you would know, ABC's Four Corners program released an investigation into the strata industry that aired last week in an episode called 'The Strata Trap'.
The episode discussed a range of strata-related issues, including a focus on insurance. NIBA acknowledges, with concern, issues about misconduct within the strata industry raised in the Four Corners episode. Hear from NIBA President Gary Okely and NIBA CEO Richard Klipin about important steps that NIBA has taken to support our members. Watch the video below.
Brokers are committed to professionalism, transparency, and ethical behaviour, which are values at the heart of the 2022 Insurance Brokers Code of Practice (the Code). The Code sets standards above the law for our profession to foster trust and integrity for all clients.
NIBA supports professional standards that enhance transparency and disclosure within the strata industry, including the reforms before the New South Wales Parliament. Read below for NIBA's full response to the Four Corners program.
As part of NIBA's commitment to effective self-regulation and promoting professionalism and good client outcomes across the insurance broking profession, we have developed additional guidance materials for Subscribers to the Insurance Brokers Code of Practice. This guidance clarifies the obligations of Subscribers and their representatives when arranging or providing advice on strata insurance products.
NIBA has also been the 'voice' of the profession, ensuring that brokers' perspectives are heard in the media. You can read more about NIBA's advocacy in light of this evolving issue in publications such as InsuranceNews and Insurance Business.
NIBA is committed to working constructively with government, regulators, and other key stakeholders to maintain the highest standards of practice and professionalism, reinforcing public confidence in insurance brokers serving the strata sector.