Melbourne, Australia (PRWEB) July 21, 2014

In the Insurance Brokerage industry, rising premiums and a strong consumer preference for purchasing insurance from brokers have been pushing industry revenue upwards. Insurance brokers provide impartial advice and expertise to commercial and private consumers purchasing insurance. Brokers are able to explain the insurance process and match the client to the most suitable products. Brokers benefit insurers in that they act as a distribution network and sales team. Strong insurance sales have led to increased commissions for the industry, with industry revenue forecast to rise by an annualised 2.6% over the five years through 2014-15. This growth includes a rise of 3.4% in 2014-15, to reach $ 12.3 billion. According to IBISWorld industry analyst Stephen Gargano, despite the strong revenue growth over the past five years, the industry faces intensifying competition from underwriters and banks. Underwriters are investing in online sales capabilities and new sales channels such as bancassurance, whereby insurance is sold through partnerships with banks. These efforts aim to reduce insurance providers’ reliance on agents and brokers.

Brokers have successfully guarded their distribution share by providing knowledge-intensive services to augment traditional insurance policy sales and by focusing on more profitable markets such as the commercial segment, says Gargano. This new focus from brokers is expected to continue as direct competition from insurers intensifies. The industry is expected to grow further over the next five years. Profit is expected to strengthen, as premium prices rise and many brokers consolidate to save costs on administration. Increasing consolidation will allow operators to combine revenue streams, improve operating efficiency and maximise profit. This trend towards consolidation is expected to reduce the number of enterprises operating in the industry over the next five years.

The Insurance Brokerage industry is subject to a low level of market share concentration. The market is highly fragmented and has many small businesses and independent insurance brokers. Major insurance broking companies in Australia include Aon Corporation, Marsh Mercer and Jardine Lloyd Thompson, all of which are internationally owned. OAMPS, previously Australia’s largest insurance broker, was acquired by Arthur J. Gallagher & Co in June 2014. Former owner Wesfarmers had previously scaled back the operations of OAMPS, which decreased industry concentration significantly. There are many very small firms operating in the industry that do not have the resources or expertise to service large clients or clients that require specialist services, such as risk consultation, in addition to regular broking services. Many of the larger agents and brokers usually contract business from smaller agents (sharing commissions) and in return provide the smaller agents with services (such as research, agent training and computer software).

For more information, visit IBISWorlds Insurance Brokerage report in Australia industry page.

Follow IBISWorld on Twitter:!/ibisworldau

IBISWorld industry Report Key Topics

This industry includes individuals and businesses that act primarily as agents or brokers in selling annuities and insurance policies. Industry participants earn commission income, mostly as a percentage of the premium of insurance policies sold. They also earn fee income for risk management consulting and claim assessment and adjustment services. Foreign-based insurance underwriters that mainly engage in insurance broking domestically are also included in this industry.

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

International Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Basis of Competition

Barriers to Entry

Industry Globalisation

Major Companies

Operating Conditions

Capital Intensity

Technology & Systems

Revenue Volatility

Regulation & Policy

Industry Assistance

Key Statistics

Industry Data

Annual Change

Key Ratios

About IBISWorld Inc.

Recognised as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit or call (03) 9655 3886.


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Washington, DC (PRWEB) July 09, 2014

Edmund S. Muskie, Jr. (Ned) has joined Convergent Wealth Advisors in the companys Washington, D.C. office. Joining as Managing Director, Mr. Muskie will continue to bring wealth management solutions to ultra-high net worth individuals and families, as well as philanthropic institutions in the greater metro Washington, D.C. area.

Prior to joining Convergent, Ned was Senior Vice President and Private Client Advisor at U.S. Trust, where he oversaw a significant portfolio of wealth management clients. He led a team of professionals in advising high net worth individuals and institutions on the delivery of investment management, financial planning, and other wealth management solutions.

Mr. Muskie comments, I believe strongly in the depth and breadth of Convergents wealth management offering from investment management and tax strategy to estate and charitable planning. Convergents deep resources and meaningful advice seek to add value to wealthy families and institutions in need of truly holistic solutions. Im delighted to be joining a dynamic and entrepreneurial firm where my experience and network will have an immediate impact.

Managing wealth for the ultra-affluent is growing more and more complex, states Douglas Wolford, Convergents President and COO. Leveraging the unique resources and talents that Convergent possesses is something Ned believes is a major differentiator in the wealth management marketplace, adds Mr. Wolford.

Charles Winn, Convergents Managing Director in charge of business development, states, I am delighted that Ned has chosen to join Convergent. Ned is an experienced advisor in the private wealth management field and his hiring is indicative of the quality talent we continue to bring aboard. I warmly welcome Ned to the firm.

About Convergent Wealth Advisors

Convergent Wealth Advisors is a recognized industry leader in wealth management, managing over $ 8 billion in assets (as of March 31, 2014). Convergent provides investment consulting services and customized wealth management solutions to ultra-high net worth individuals and family offices with investable assets of $ 10M and more. Independence by Convergent is a division of Convergent focused on servicing clients with $ 1 million and more in investable assets.

City National Bank is backed by $ 29.7 billion in total assets (as of December 31, 2013), and provides banking, investment and trust services through 77 offices, including 16 full-service regional centers in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. The company and its investment affiliates manage or administer $ 66.4 billion in client investment assets as of March 31, 2014. City National is the 25th largest American commercial bank by asset size.

Convergent has offices in Washington, DC, Los Angeles, New York, and Portland, OR.

Media Contact: Douglas Wolford | 301.284.1112 |

Non-deposit investment products are not FDIC insured, are not deposits or other obligations of City National Bank, are not guaranteed by City National Bank and involve investment risks, including the possible loss of principal.

Convergent is a majority-owned subsidiary of Convergent Capital Management, which is a subsidiary of City National Corporation (NYSE:CYN), the parent company of City National Bank.

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Tampa, FL (PRWEB) July 04, 2014

Insurance products are typically not priced in a single package and usually require customization between consumers and agencies in North America. The Quotes Pros company is now displaying the best life insurance rates for 2014 that can be found using its public price search tool at

The price information that consumers can easily access is helping to take the guesswork out of the annual price packages that insurers promote in the U.S. Special rates data for guaranteed, term, whole, universal and survivorship policies can be easily viewed to help adults plan for a future purchase.

“The tools that we offer publicly are secure and do not use medical information, address information or other personal consumer data to produce a basic price quote,” said a source.

The insurer rates information is accurately calculated by individual agencies that supply a base price package that can be further customized upon completion of a short application with each insurer. The Quotes Pros company is not set up to collect any forms of consumer data during the quotation procedure.

“Any American adult with a validated zip code has access to the best pricing that we are now delivering through our website,” said the source.

The Quotes Pros company is planning the additions of health, automotive and homeowner pricing to its system for the remainder of this year. Base price quotes for these plans are now accessible in beta mode at


The company provides an easier way to find direct insurance costs using its easy search program on the Internet. This company has developed and installed database software that connects consumers with insurers in real time. The company website allows users to gain entry to its secure system by using a zip code and prices are immediately displayed. Coverage for life, renters, health, business and homeowner plans are now easier to price online.

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Nashville, TN (PRWEB) July 03, 2014

Tennessee continues to struggle with unemployment, as its rate as of late last year was 7.1%. What this translates into is that there are approximately 188,000 Tennesseans unemployed even though the Great Recession officially ended nearly five years ago. Unemployment in Memphis is even worse at 10.9% and Knoxville’s unemployment rate is 8.2%.

To make matters even worse, Tennessees median household income is just $ 42,995 making it the 48th worst in the nation. And its residents have credit card debt averaging $ 4669 per borrower and an average credit score of just 679.

These facts, plus the ever-increasing costs of life’s basic necessities, have caused many Tennesseans to get into trouble with debt.

The company recently undertook an analysis of the debt consolidation loan companies available online that could be of help to those Tennesseans that are struggling with debt. In making this evaluation, it looked at six criteria debt solution options, business ethics, fees, consumer satisfaction, customer service and financial standing. Given these criteria, found that the three best online debt relief companies are National Debt Relief, CuraDebt and American Debt Enders.

“We felt it was important,” said a spokesperson for, to identify companies that are ethical and trustworthy and that could help Tennesseans become debt free. We understand that dealing with big debt is a big problem and requires serious help. Fortunately, we found that there is such help available.” also learned that of the three best online debt relief companies, the best of the best was National Debt Relief due principally to its business ethics, customer service and customer satisfaction.

In terms of business ethics, National Debt Relief treats its customers honestly and fairly. Unlike many other online debt relief companies it charges no upfront fees and, in fact, charges its customers nothing until they approve their payment plans. National Debt Relief basically offers a 100% guarantee in that if a customer becomes dissatisfied with the company for any reasons he or she can cancel out of their program without being charged any fees or penalties. The funds that its customers send to National Debt Relief are deposited in FDIC-insured trust accounts that only their customers can manage. This assures their customers that their money cannot be spent for any reason until they authorize it. also felt it was important that National Debt Relief has an A rating with the Better Business Bureau. The company specializes in helping individuals and families who owe more than $ 7500 by providing them with solutions custom designed to fit their needs. National Debt Relief also ranks highly in customer satisfaction in that almost all of its first-time customers report that they were “very satisfied” with the services they received. National Debt Relief has helped more than 100,000 families and individuals become debt free. In addition, the site awarded it the top ranking for debt relief companies.

Ranked second best for debt consolidation loans is CuraDebt. This company works mostly with customers who owe more than $ 10,000 in debts. It’s been in business since 1996 providing its customers with credit negotiations, debt settlement and financial advice. CuraDebt has close working relationships with the credit card companies and as a result is almost always able to help its customers achieve credit card debt reduction. In addition, it offers programs designed to help with tax debts, medical debts, student loan debts and defaulted loans as well as credit card debts.

The company ranked third best for Tennesseans looking for debt relief is American Debt Enders. Some of the services it offers include debt settlement and debt consolidation. American Debt Enders has been in business for only about seven years. However, during this time it has built a reputation for being able to help its customers with almost any kind of debt problem. It specializes in helping individuals and families who owe more than $ 5000. Its debt counselors are said to be knowledgeable and responsive and can help with almost any kind of debt problem up to and including credit repair. For that matter, American Debt Enders has reported that its debt counselors often can even help its customers improve their credit scores.

Tennesseans that are struggling with debt and would like to know more about debt consolidation loan programs and debt relief should go to the site for more information about these three companies.


(PRWEB) June 27, 2014

Qorus Software, a document automation solutions provider, is pleased to announce their partnership with SP Marketplace (SharePoint Marketplace), provider of collaborative business productivity solutions on Microsoft SharePoint, on-premise or in the cloud, designed specifically for the needs of small to medium organizations.

SP Marketplace is a pioneer in the Office 365 space and with the launch of Qorus DocGeneration for Office 365 later this year, it is obvious that this is a natural fit for Qorus and SP Marketplaces existing product offering. “With Qorus, our customers can generate sales documents like proposals from our CRM and generate new hire documents in our HR module in addition to other areas this feature is a huge time-saver and drives document consistency,” states Darrell Trimble CEO of SP Marketplace.

As demand for document automation for SharePoint grows significantly, Qorus Software is expanding its relationship network in key markets and specifically recruiting re-sellers in the US, as well as the UK and South Africa. With SP Marketplaces global status they are a welcomed partner for Qorus, who is geared towards strategically and innovatively developing software that is business-centric and solution driven for organizations dealing with multiple levels of documentation.

Qorus Softwares CEO, Ray Meiring comments, We are excited to join forces with SP Marketplace. Our products are a natural fit with their business solutions. We highly value relationships with organizations that focus on improving business services, team communications and management visibility. The partnership with SP Marketplace opens up excellent opportunities for both companies to extend and grow our customer base.



Qorus Software is a global provider of document and proposal automation solutions for Microsoft Office and SharePoint. We help organizations to significantly reduce costs as well as the time and effort required to generate customized documents while improving the quality and accuracy of content. Our software also greatly reduces the potential for human error and formatting issues, improves the adherence to corporate guidelines and consistency in branding and style helping you to create great looking documents in a fraction of the time!

Qorus Software can be used across all departments of your organization to generate documents such as sales proposals, RFP responses, legal contracts, group policies, employee or customer welcome kits, presentations, financial, compliance and advisory reports, to name but a few. One solution for all of your organizations high end, on-demand document generation needs.

Qorus DocGeneration is Qorus Softwares flagship product and works within SharePoint to automate the generation and customization of business documents by dynamically merging Microsoft Word and PowerPoint templates with live data and content stored in SharePoint, as well as other enterprise systems.

The company also offers a Sales Proposal Automation and RFP Collaboration solution called Qorus Breeze Proposals. This solution is built on the robust Qorus DocGeneration framework and streamlines critical sales processes through a highly intuitive interface. Qorus Breeze Proposals provides RFP (Request for Proposal) collaboration, an innovative shopping cart for building customized proposals and presentations from approved, re-usable sales content, and a social widget that enables users to suggest good content for inclusion in the content library and for future re-use.

Qorus Software is a Microsoft Gold Partner (Application Development) whose clients span industries such as financial services, insurance, telecommunications and IT companies and has offices in the United States, United Kingdom and South Africa.

Generate better documents and presentations faster! Visit our website ( to schedule a demo or contact us for more information.

For more information:

Senior VP of Marketing


For more information on partnering with Qorus Software:

Channel Director


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