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31 Aug 2018

CHU named top underwriting agency two years in a row

For the second time in a row, CHU has won the Underwriting Agency of the Year award in the Australian Insurance Industry Awards.

“We were delighted to win the award last year and, inspired by this, we pushed even harder this year to be the very best that we could be. ” said CHU CEO Bobby Lehane.

“CHU is celebrating its 40th anniversary this year and I can’t think of a better anniversary present than this award.”

My Lehane said a lot had happened within CHU and the industry since winning the award last year.

“CHU has progressed its strategy, consolidated its market position and future proofed it in a time of increasing disruption.

“But you can’t stand still in this industry and we don’t rest on our laurels. 2017 proved to be a ground-breaking year for CHU, with new products, services, businesses and technology delivered to the market.

“The digitalisation of strata insurance has begun, however, strata insurance is lagging other general insurance lines in that regard. That will absolutely change,” said Mr Lehane.

“The demand for tailored, more flexible insurance policies is growing and the need to simplify the core strata insurance product is vital.

“The shift to brokers providing strata insurance will continue to accelerate.  With the increasing complexity of schemes, strata insurance is – and will continue to be – an ideal avenue for brokers to help their clients,” he said.

“Smaller self-managed schemes will increasingly purchase their insurance online and, again, CHU is well placed to meet this digital demand.”

Mr Lehane added, “CHU’s future strategy is very much geared to prepare for the changes we see to the market in the coming three to five years – which we believe to be enormous.

“Strata insurance was once seen as a small niche in the Australian insurance industry. Not anymore.  It’s an area of insurance that is rapidly entering the mainstream of the industry.”

For further information contact:

Anne-Maree Paull
Chief Customer Officer
CHU
+ 61 (0) 28923 5341
anne-maree.paull@chu.com.au

OR

Rob White
External Communications Adviser
+64 (0) 210 851 6841
rob.white@chu.com.au

CHU Underwriting Agencies Pty Ltd (ABN 18 001 580 070, AFS Licence No: 243261) acts under a binding authority as agent of the insurer QBE Insurance (Australia) Limited (ABN 78 003 191 035, AFS Licence No: 239545).

Terms, conditions, limits and exclusions apply to the products referred to above. Any advice on this website is general advice only and has been prepared without taking into account your objectives, financial situation or needs. Before making a decision to acquire any product(s) or to continue to hold any product we recommend that you consider whether it is appropriate for your circumstances and read the relevant Product Disclosure Statement (‘PDS’), Financial Services Guide (‘FSG’), and the Target Market Determination (‘TMD’) which can be viewed on this website or obtained by contacting CHU directly.

CHU Underwriting Agencies is a wholly owned subsidiary of Steadfast Group Ltd (ABN 98 073 659 677) (‘SGL’). SGL may receive a professional services fee (PSF) from insurers, premium funders and underwriting agencies such as CHU Underwriting Agencies (Partner) for access to regulatory and compliance support; marketing and communications; data insights; and access to technology platforms. The PSF is an agreed amount between SGL and the relevant Partner, usually annually. The PSF is not determined by the volume of the business that the Steadfast Network brokers place, nor is the amount of the PSF known to the Steadfast Network Brokers, so it is not able to influence recommendations to their clients. CHU Underwriting Agencies may have access to shared services from SGL, including: compliance tools; procedures; manuals and training; legal; HR banking; and group purchasing arrangements. These services are funded by SGL, subsidised by SGL or SGL receives a fee for them. SGL’s FSG is available at www.steadfast.com.au or on request by telephoning SGL’s Company Secretary on +61 2 9495 6500.

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