Austbrokers Awards 2022
Entries reopened
The Purpose
The purpose of the Frank Earl Award, the Austbrokers Young Professional Award and the Austbrokers Life Adviser Award is to recognise the excellence in insurance broking by an insurance broker from the Austbrokers Network.
Overview
Frank Earl Award – 2022
Awarded annually to recognise excellence in the Insurance Broking profession within Austbrokers Partners. In memory of Frank Earl who was fundamental in the history of Austbrokers and served on the Austbrokers board from April 2005 until July 2010.
Prize value
$25k
Eligibility
Open to all Austbrokers high performing Principals, Managing Directors, Senior Managers, Account Managers or Claims Managers.
Prize includes
- Return Business Class flight to London
- Accommodation
- Tour of Lloyd’s of London
Entrant Requirements
- Entrants must be available to travel to Kingscliff May 9 – 11, 2022 Airfares and accommodation costs will be covered by Austbrokers.
- Qualified Practicing Insurance Broker (QPIB)
- Entrants must be over 35 years of age as at 31 December in the year they are entering.
- Judging will be carried out by members of the AMS board, including the CEO of AUB Group.
Judging
The AMS board will also assess the success of each nominated insurance broker, including how much their portfolio has grown in recent years and what kinds of innovative solutions they are bringing to the industry.
Qualities
Frank Earl personified HONESTY, INTEGRITY and TRANSPARENCY in his exemplary career. He considered these to be core characteristics fundamental not only to individual success but also to the industry as a whole.
Submission Requirements
Submission Requirements
Please be brief in your answers. We do not require reports, manuals or other documentation.
1. Excellent Client Service (35% Score)
How have you made a difference to a client’s program and experience within your organisation including but not limited to;
- Identification of a client
- Examples of claims services and negotiated outcomes
- Technical expertise in coverage
- New Business Gained
Maximum: 250 words
2. Business Retention & Growth over the previous 2 years (25% score)
Provide an overview of your portfolio including retention rates, increase in portfolio size and growth in income.
Maximum: 200 words
3. Professional Development (15% score)
Current and planned professional development plans, your contribution to the professional
Maximum: 200 words
4. Innovation (10% score)
Provide an overview in customer coverage or claims management, where innovation has played an important part of the process.
Maximum: 200 words
5. Community Engagement (15% score)
Engagement within the insurance industry, and the wider Austbrokers network outside of your own office.
Maximum: 100 words
Each candidate has provided the following documents so the judging panel can evaluate the candidate against the award criteria:
- Candidate’s academic record
- Career resume
- Personal statement
- 1 – 2 underwriter references
- 1 – 2 client references
Submissions to be attached in a word, pdf, ppt file via the nomination form
Nomination Criteria
The core criteria for evaluation of nominees will be their ability to show how they conduct themselves in their day-to-day work life displaying the above characteristics and more broadly as a participant in the industry in a manner which consistently reflects Frank Earl’s three core values.
Award sponsored by
Overview
Austbrokers Young Professional Award – 2022
In partnership with Clyde & Co, the award represents the pinnacle of achievement for the nation's young broker community.
Prize value
$10k
Eligibility
Open to all Austbrokers high performing brokers or claims consultants.
In partnership with Clyde & Co, the award represents the pinnacle of achievement for the nation’s young broker community.
Prize include
- $10,000 to be used towards Professional Development within the insurance industry
Entrant Requirements
- Entrants must be available to travel to Kingscliff May 9 – 11, 2022 Airfares and accommodation costs will be covered by Clyde & Co.
- Qualified Practicing Insurance Broker (QPIB)
- Entrants must be under 35 years of age as at 31 December in the year they are entering.
- Judging will be carried out by members of the AMS board, and will include a member from Clyde & Co.
Judging
The AMS board will also assess the success of each nominated YP, including how much they have impacted their individual businesses by speaking with the Principal of the Austbrokers Businesses they are associated with.
Qualities
Frank Earl personified HONESTY, INTEGRITY and TRANSPARENCY in his exemplary career. He considered these to be core characteristics fundamental not only to individual success but also to the industry. An Austbrokers Young Professional should be striving to meet these characteristics.
Submission Requirements
Submission Requirements
Please be brief in your answers. We do not require reports, manuals or other documentation.
1. Excellent Client Service (40% Score)
How have you made a difference to a client’s program and experience within your organisation including but not limited to;
- Identification of a client
- Examples of claims services and negotiated outcomes
- Technical expertise in coverage
- New Business Gained
Maximum: 250 words
2. Broking Practices (40% score)
Provide an overview of your portfolio including retention rates, increase in portfolio size and growth in income.
- Technical competence in insurance
- Strength of client and underwriter relationships
- Quality of Quotation Slips / Renewal Information
- Underwriting submissions – claims history
- Policy wording / endorsements
Maximum: 250 words
3. Professional Development (15% score)
Current and planned professional development plans, your contribution to the professional
Maximum: 250 words
4. Community Engagement (5% score)
Engagement within the insurance industry, and the wider Austbrokers network outside of your own office.
Maximum: 100 Words
Each candidate must provide the following documents so the judging panel can evaluate the candidate against the award criteria:
- Candidate’s academic record
- Career resume
- Personal statement
- 1 – 2 underwriter references
- 1 – 2 client references
Submissions to be attached in a word, pdf, ppt file via the nomination form
Nomination Criteria
The core criteria for evaluation of nominees will be their ability to show their passion and commitment to the industry as well as how they conduct themselves in their day-to-day work life working towards displaying the characteristics of honesty, integrity and transparency.
Overview
Austbrokers Life Adviser Award – 2022
In Partnership with Zurich Life, awarded annually to recognise excellence in the Financial Advice profession within the Life Industry and Austbrokers Partners.
Prize value
$10k
Eligibility
Open to all Austbrokers high performing Financial advisers and Risk Specialists.
Prize includes
Access to a number of International Educational Opportunities.
Entrant Requirements
- Entrants must be available to travel to Kingscliff May 9 – 11, 2022 Airfares and accommodation costs will be covered by Austbrokers.
- Entrants must be over 35 years of age as at 31 December in the year they are entering.
- The adviser must have passed the FASEA exam.
- Judging will be carried out by members of the AMS board, and will include a representative of Zurich Life.
Judging
The AMS board and Zurich will also assess the success of each nominated Austbrokers Life Adviser, including advice production, claims management and contributions to industry.
Qualities
Entrants must embrace and exemplify the qualities of Honesty, Integrity and Competence. Demonstrating utmost commitment to both their clients through satisfied clients and portfolio growth and the industry as a whole.
FASEA: Trustworthiness, Competence, Honesty, Fairness, Diligence.
AFA: Honesty, Ethics, Integrity
Submission Requirements
Submission Requirements
Please be brief in your answers. We do not require reports, manuals or other documentation.
1. Excellent Client Service (40% Score)
How have you made a difference to a client’s experience within your organisation including but not limited to;
- Identification of a client
- Examples of claims services and negotiated outcomes
- Technical expertise in coverage
- New Business Gained
Maximum: 250 words
2. Business Retention & Growth over the previous 2 years (30% score)
Provide an overview of your portfolio including retention rates, increase in portfolio size and growth in income.
Maximum: 200 words
3. Industry & Community Engagement (20% score)
Engagement within the insurance industry, and the wider Austbrokers network outside of your own office. Current and planned professional development plans, your contribution to the profession.
Maximum: 200 words
4. Compliance (10% score)
Most recent licensee audit performance.
Maximum: 100 words
Each candidate has provided the following documents so the judging panel can evaluate the candidate against the award criteria:
- Career resume, including qualifications
- Personal statement
- Licensee reference
- 1 – 2 insurer references
- 1 – 2 client references
Submissions to be attached in a word, pdf, ppt file via the nomination form
Nomination Criteria
The core criteria for evaluation of nominees will be their ability to show how they conduct themselves in their day-to-day work life displaying the above characteristics and more broadly as a participant in the industry.