Shielded Insurance Brokers named Australia's top brokerage

St Leonards, NSW – Sunshine Coast-based Shielded Insurance Brokers has once again claimed the number-one spot in Insurance Business’ Top Brokerages rankings. This annual list celebrates the 20 Australian brokerages that have managed to rise above a year loaded with difficult pandemic and economic challenges.

“IB’s survey for this year’s Top Brokerages report suggests that many brokerages have successfully navigated the monumental changes of the past 18 months and things are starting to look up,” says the Insurance Business team. “While last year’s report showed nosediving revenue, this year’s Top Brokerages have managed to stop that dive, and some have increased client numbers and revenue significantly.”

IB invited brokerages across the country to submit nominations for its ninth annual Top Brokerages list. To be eligible, brokerages were required to have three or more brokers and be headquartered in Australia. As in previous years, each brokerage was required to supply its own details for the 2020–21 financial year. Brokerages were then ranked according to 9 criteria, and all of the rankings were then added together. Akin to a golf score, those brokerages with the lowest overall scores achieved the highest rankings.

This year’s standout performer, for the second year in a row, was Shielded Insurance Brokers. The brokerage doubled its client base over the past year and also ranked in the top three for both number of clients per broker and revenue from new policies.  In 2020, it was record-setting growth that drove the company’s impressive success. This year, says managing director Stuart Brady, the key ingredient behind the win is the Shielded culture. Brady is proud of the shared vision for constant improvement across all aspects of the business.

“We are thrilled to take out the win again, and it’s hats out­ to the team for their hard work over the past year,” he says. “I’d say the key to success this past year has been sharing our vision and plans with the team. We are on this journey together, and together we will celebrate our successes.”

For the full report see issue 10.05 of Insurance Business magazine out now. To view the list and to find out more about Shielded click HERE.

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Insurance Business is the leading independent business magazine and website for insurance brokers and advice professionals. A key business resource, Insurance Business provides daily breaking news, cutting-edge opinion and in-depth analysis affecting the industry. Insurance Business also offers a series of industry reports that recognize the achievements of key individuals and businesses as well as providing the latest in business best practice in a continually evolving industry. Part of the global Insurance Business suite of publications, IB reaches a wide readership in Australia, New Zealand, Asia, USA, Canada and UK.