Respected former AFA chief, Phil Kewin, has been announced as the incoming CEO of the National Insurance Brokers Association.
A statement from NIBA announcing Kewin’s appointment – which is effectively to the general insurance equivalent of the role he held at the AFA – notes his extensive involvement in representing the interests of AFA members and the broader financial advice sector, with particular reference to advocating on behalf of adviser members to the Federal Government, ASIC and other key industry bodies and stakeholders.
The statement also notes the significant growth of AFA member numbers during Kewin’s tenure, at a time when total adviser numbers have been shrinking.
Kewin will join NIBA in mid-August, where he will commence a transition period working with outgoing CEO, Dallas Booth, who has held the CEO position since 2011 and will step down from the role on 31 October 2021.
As an ex GI brokerage owner, I have watched NIBA for years. They were always PRO-ACTIVE. They would go to Govt with a solution to a problem BEFORE Treasury or ASIC started their “Thinking”. Have a look at a GI SOA- 3 to 5 pages, and little legalese, for a document providing advice on a $10 million asset.
Here in la-la land, a new client gets a 35 pages of BS just to buy $500,000 term life in super. That GI SOA was provided by NIBA to ASIC, and approved. The AFA & FPA resisted for years, did not offer a simple alternative, and WE lost out.
NIBA are fighting proposals from the ACCC to remove commissions on GI products as a weird answer to outrageous GI property insurance costs in the tropical north. NIBA will win. Risk advisers will eventually LOSE!
Hopefully we can work with NIBA on commissions. We better!
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