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Adviser Ratings JV looks to address imbalanced PI market

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4 March 2024 by Chris Dastoor, Professional Planner

Article link: https://www.professionalplanner.com.au/2024/03/adviser-ratings-jv-looks-to-address-imbalanced-pi-market/

Adviser Ratings has partnered with insuretech Numerisk to argue the case for high quality advisers to show they are less of a risk to insurance suppliers, in a bid to solve the issue of rising PI insurance costs.

The joint venture aims to demonstrate the quality of advice to insurers and Adviser Ratings founder Angus Woods tells Professional Planner data captured over the past six years shows the level of quality of Australian advice practices.

The partnership has been in the works for the last four years, due to the undersupply of PI insurance following the Hayne royal commission.


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