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Creating More Options and Better Outcomes for Local Government

In recent years the Australian Insurance Market has proven to be extremely resilient, with any negative impact from local and international catastrophes being overshadowed by the positive effect of fierce local competition for a large variety of risks across a broad range of industry sectors.

In Local Government the benefit of this competition has not been realised to its full potential. There may be a number of reasons for this; however our experience suggests that one of the more common reasons is a general impression that there are not many options available for individual Councils outside of their existing scheme arrangements.

Quite simply, this is not the case…

At Willis we are able to offer Local Government Authorities a number of options;

  • Stand-alone insurance programs at competitive premium rates
  • Insurance arranged for and on behalf of a ‘pool’ of Councils, acting effectively as one entity
  • Scheme based insurance coverage arranged on a completely open and transparent basis

We challenge you to ask the following questions of your existing insurance arrangements;

  • Do I have complete transparency / visibility over how my premiums are calculated?
  • Do I have control over which insurers my insurance program is placed with?
  • Do I know how my Council’s risk profile is presented to the insurance market?
  • Do I truly ‘own’ my Council’s insurance program?

If the answer is NO to any of the above questions, Willis can assist to improve your current position. For further information, please contact us today.