Affinity Insurance Brokers has announced the launch of a new adventure, leisure and outdoor tourism insurance package.
An Aon-owned business based in the Melbourne suburb of Cheltenham, Affinity Insurance Brokers (AIB) is a market leader in the outdoor industry, a position which has been strengthened through a new partnership with the global insurance professional Beazley Insurance.
Part of the Affinity division of Aon, AIB has been providing specialist support to the equine, sport and leisure industries for 18 years, providing innovative insurance and risk management solutions.
After working on an industry-specific liability product for nearly 12 months, Affinity Insurance Brokers and Beazley Underwriters have reached a $20,000,000 bookbindery deal, thanks in large part to the backing of outdoor industry bodies including the Outdoor Council of Australia, Outdoors NSW and ACT and Outdoors Victoria.
Lisa Henderson, Managing Director of Aon’s Affinity business in Australia, said, “Partnering with Beazley allows us to continue to support our customers and grow this market by delivering a personalized, direct and connected experience, backed by the Affinity Insurance Broker’s team of experienced leisure brokerage professionals. “
The new liability product will offer an event-based formulation for the outdoor education, tourism, adventure activities, caravan parks and campsites sectors whose activities fall under existing accreditation systems and /or Australian Adventure Activity Standards (AAAS).
Initially, affinity insurance brokers limited access to the new scheme to renewals for their existing clients.
Affinity Insurance Brokers Client Director Paul Davenport said: “Our commitment is to our clients and the long-term future of the outdoor industry, to ensure competitive and sustainable insurance solutions in a market traditionally difficult to place.
“Our new relationship offers increased underwriting capabilities, better claims handling and ultimately some stability for this market segment.”
To be able to address key operational risks associated with the outdoor industry and ensure the long-term sustainability of the portfolio, Affinity will focus on a direct-to-customer business model, but will continue to partner with key third-party brokers on renewing existing investments.
The liability insurance solution is based on robust risk management frameworks supported by existing industry accreditation systems. In addition to this, the insurer will build on a new educational initiative which will be available in July 2022 and will focus on key operational risks associated with many activity-based businesses, including:
- Recognized staff qualifications/training/initiation/supervision
- Maintenance and inspection
- Operating procedures
- Incident management and emergency response
- Risk assessments
- Third party site inspections
- Activity specific accreditations
The pilot education program, developed in partnership with Outdoors NSW and ACT, will meet the needs of a range of stakeholders including landowners (private and park agencies), schools and education departments across the country. State, insurers, employees and consumers.
Lori Modde, Managing Director of Outdoors NSW and ACT and Board Member of the Outdoors Council of Australia, said “it has become increasingly clear that the outdoor industry needs to be at the forefront of benchmarking its processes to give its stakeholders confidence and certainty in managing risk. and operational processes.
“This program is part of a larger strategic process that will result in working with current and new accreditation systems that give the industry long-term assurance of insurance coverage. I am convinced that we are heading in the right direction for the industry and I thank Affinity for supporting this initiative”.
Greg Shallard, Specialties Client Manager at Affinity Insurance Brokers, added: “We are excited about this initiative, Australia has many quality operations, but historically, although there are various codes of practice, there is no not had a solid framework in place for key stakeholders to compare against each other. providers of activities against.
“The primary objective of our support in this regard is to recognize quality operators in the industry and raise the overall standard to ensure the delivery of a safe and enjoyable experience for attendees with the added result of creating a sustainable insurance environment for business.”
The new Outdoor Adventure, Leisure and Tourism Insurance formula has been available since May 1st.
For more information call 1300 130 535 or visit www.affinityib.com.au
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