Phil Khoury Appointed Independent Reviewer for the Insurance Brokers Code of Practice Review

NIBA is pleased to announce the appointment of Phil Khoury from Cameron Ralph Khoury as the independent reviewer for the review of the Insurance Brokers Code of Practice

NIBA is pleased to announce the appointment of Phil Khoury from Cameron Ralph Khoury as the independent reviewer for the review of the Insurance Brokers Code of Practice.

This appointment reaffirms NIBA's commitment to ensuring a best practice Code Review process that reflects the evolving needs of consumers and the insurance broking profession.

Phil Khoury is a respected expert in governance, regulatory practice, and industry codes. He brings a wealth of experience to this important role, having previously led the comprehensive review of the Banking Code of Practice, which resulted in significant improvements to industry standards and consumer protections. His deep understanding of complex regulatory environments and his ability to engage stakeholders meaningfully will be invaluable in guiding the Insurance Brokers Code of Practice review.

NIBA CEO Richard Klipin said, “We are delighted to have Phil Khoury on board to lead this critical review. His expertise and track record in conducting thorough and balanced reviews of industry codes make him the ideal choice to ensure that the Insurance Brokers Code of Practice continues to meet the highest standards of professionalism and deliver positive outcomes for both brokers and their clients.”

“The Insurance Brokers Code of Practice underlines our ongoing commitment as a profession towards self-regulation, helping ensure that insurance brokers can continue supporting Australian families, communities and businesses as trusted partners to manage risk and thrive.”

Phil Khoury also expressed his enthusiasm for the role, stating, “It is a privilege to be appointed to lead the review of the Insurance Brokers Code of Practice. The review is critical to ensuring that the Code remains relevant, effective, and responsive to the needs of all stakeholders. I look forward to engaging with industry participants, regulators, and consumers to deliver recommendations that will uphold trust and integrity in the insurance broking profession.”

Further details on the review process, including how stakeholders can provide input, will be released in the coming weeks.