ProRisk rated five stars by the insurance industry
11/11/2021

Insurance Business spotlights 22 organisations that are breaking boundaries to rewrite the future of the insurance industry

Online PR News – 11-November-2021 – Sydney, New South Wales – ProRisk has been included in the 5-Star Insurance Innovators 2021 awards released by Insurance Business. The report recognises the companies that are moving the insurance industry forward, whether by introducing new technology or rolling out a groundbreaking product or distribution channel strategy.

“Over the past year, the insurance industry has seen a host of fast and necessary changes. Amid the COVID-19-related chal­lenges of lockdowns, travel restrictions, lack of face-to-face meetings and general uncertainty, insurance organisations have been forced to adapt to ensure they can continue to drive business growth and deliver the results their clients expect,” says the Insurance Business team. “Plenty of companies – from insurers to insurtechs, brokerages to claims managers – met these challenges head-on, engineering creative solutions to the problems they and their clients were facing.”

“Starting in July, IB invited insurers, brokerages and service providers from around Australia to submit a nomination, detailing the steps they’ve taken to introduce new innovations to the insurance industry. Companies were encouraged to focus on initiatives introduced and results achieved in the calendar year 2020. The IB team objectively assessed each entry for detailed information, true innovation and proven success – along with benchmarking against the other entries – to determine the 22 5-Star Insurance Innovators.”

ProRisk has demonstrated an impressive range of accomplishments over the past year, including being named a 5-Star Insurance Innovator for 2021 by Insurance Business. These achievements clearly support the company’s goal of becoming Australia’s leading technology-enabled inter­mediated underwriting agency.

“We’re absolutely stoked. We couldn’t be happier,” says Hamish McDonald Nye, ProRisk’s executive director.

One major factor in ProRisk’s victory march: the 2020 launch of ProBind. The broker trading platform enables broking partners to quote, bind and renew policies 24 hours a day, 365 days a year. It’s supported by a team of underwriters in Melbourne, Sydney and Brisbane.

To view the full report and to find out more about ProRisk click https://www.insurancebusinessmag.com/au/best-insurance/5star-insurance-innovators-313553.aspx.

-ENDS-

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.