Back Custom print Link Text Only Rich Text Print

  • Insurance Aggregator

    • AU-1.1.18A

      For the purposes of Volume 3 (Insurance), insurance aggregators are defined as insurance intermediaries with an insurance broker's license who operate an online platform, whether hosted on an Internet website or available as a smart device application which provides price comparisons and facilitates the purchase of insurance on behalf of insurance companies.

      Added: October 2019

    • AU-1.1.18B

      If any insurance aggregator wishes to provide additional regulated insurance broker services, such as handling of claims for its clients, it must seek the approval of the CBB.

      Added: October 2019

    • AU-1.1.18C

      An insurance aggregator license is allowed to provide insurance aggregation and other brokerage services with the CBB's approval only through the online platform. The aggregator may not undertake the activities of a traditional broker.

      Added: October 2019