2,000+ Happy & Satisfied CFOs

Australia's most independent, impartial and unbiased corporate insurance consultant.

Exposed: The Advisor Risk Scandal—How Your Trusted Insurance Broker Could Be Secretly Costing Your Company Millions

Advisor Risk refers to the potential pitfalls and conflicts of interest that can arise when relying on an insurance broker or advisor whose interests may not fully align with your own. This multi-faceted risk can manifest in several ways:

  1. Conflict of Interest: Your broker may act more as an agent for insurers rather than as your fiduciary, creating a material conflict of interest that could affect the advice and deals you receive.

  1. Market Blocking: The practice of "reserving" allows incumbent brokers to block competitors from offering better prices, limiting your options and potentially leading to less favorable terms.

  1. Lack of Transparency: Brokers may use various tactics to discourage you from exploring other options, such as overstating market difficulties or downplaying the interest of other insurers in your risk profile.

  1. Misaligned Incentives: Brokers often receive commissions and bonuses from insurers, which could skew their recommendations away from your best interests.

  1. Inadequate Risk Profiling: Without a clear insurable risk profile, you may end up with an insurance program that is not fit-for-purpose, leaving you either over-insured or under-insured.

Understanding and mitigating Advisor Risk is crucial for optimising your insurance program, achieving cost savings, and ensuring that your coverage aligns with your business objectives

Geoff Wainwright

Renewing your insurance can be a time where you uncover hidden opportunities for cost savings and improved coverage in your insurance program, without the need to change brokers or insurers. It can also be a time when you have a high level of Advisor Risk. Ready to discover how we can help your company and eliminate Advisor Risk?

These Organisations Have Used These Insurance Secrets

Looking to Tender Corporate Insurance without Mistakes?

See real-life success stories of businesses, like Auriga Group, that have transformed their insurance programs and saved millions!

Hey. I'm Geoff Wainwright

I have over 20 years of experience helping businesses optimise their insurance programs. I have partnered with Ken Armstrong from Resilient IRM, a seasoned industry expert, to develop the Insurance Broker Benchmarking & Tender Management service, helping clients achieve substantial cost savings and improved coverage.

You Can Trust Our Results

$725+ Million

Impressive Cost Savings

We've helped clients achieve annual savings of 15% to 36% on their insurance premiums, unlocking significant value and enabling reinvestment in core business activities.

2,000+ Results

Over 1,000 Satisfied Clients

Our expertise has benefited a wide range of clients across various industries, including manufacturing, retail, construction, higher education, and more.

60+ Years

60+ Years of Insurance

The Ken Armstrong team brings over five decades of industry expertise in general insurance underwriting and captive insurance management, ensuring exceptional results for our clients.

Here's What Our Clients Say

"Cotton On Group was able to achieve significant cost savings and gain peace of mind knowing that they have the best coverage at the most economical cost."

"Boom Logistics was able to achieve Best Value for its shareholders, guaranteeing that they obtained the best possible coverage at the most cost-effective price."

© 2023 Geoff Wainwright - All Rights Reserved